how to pass entries for suspense account?
Answer Posted / sangeetha g
Suspense means unknown transaction. For exp, we have
received wire transfer without clear description, it means
unknow payment received from customer (unknown customer)
So the entry would be:
Bank Dr. *****
To suspenses account ******
| Is This Answer Correct ? | 28 Yes | 10 No |
Post New Answer View All Answers
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Explain me the difference between accounting and auditing?
Explain what is ledger?
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
Do you know what qualities and skills make an account manager successful?
Please guide in details about Payroll in Tally.erp9??
How to make deductions of the employees from salary against the loan in AP module oracle R12
How do you handle rejection?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
What is absorption costing with defination? and what is marginal costin with defination?
credit card expenses entry kisme pass karenge
Explain fictitious assets?
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
Into which account do we close the revaluation account balance during the winding up of a company?