What Does Suspense Account Mean?
Answer Posted / vinod
Suspense Account is created to park the un-identified
entries. Example. The invoice number is quoted by customer
while making the payment. It will parked in the suspense
account untill we investigate and identify the invoice
number of the particular transaction.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Short Answer on __________Leverage
Short Answer on __________Trade
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
Could u show me the sample TDS Document / Template
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
what is a Depository Participant?
what is ment by master in tally?
bank exam paper
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.