what is Suspence Account?
Answer Posted / sultana
suspense account is nothing but a book of account.
example: if we r entering bank statement into tally9.0
if customer pay to someone amount.
we dont no to whome he paid debit r credit.
name is complusor so that after entering in bank
statement we should know name of the customer, so it is
easy to fine final statment.if there is no name of customer
we hav to call to that customer and we hav to fine the name
of the customer.
we dont no wht name ill come there so we keep there
suspense account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how history is helpful for banking?
DESCIBE EXPORT PROCEDURE
Short Answer on __________Trade
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
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
What is the working formula for Working Capital Turnover
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
Expand ________FIPB
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
what is organic profit? and how it is calculated?