What is suspense Account?
Answer Posted / dhanalakshmi
When there is a discrepancy found between the debit and
credit balances in the trial balance, then a separate
account will be created for the differece amount. And that
account is called as Suspense a/c.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
EXPAND___________INMA
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
What is ABC Analysis in industrial function. hw can it s maintain ?
What type of question generally asked in Brokerage Firm ?
How you implemented a chargeback system?
EXPAND___________LNG
what is difference between venture capital financing and equity financing?
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
If its is declared by auditor that business is not going concern that what journal entry will be pass?
how can make configration related with electronic bank statment and how can i upload bank statment to system
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
why do you think you are sutable candidate for this post
How to maintain Purchase Orders ? Please explain by proper format.
How to answer for the question, tell me about ur project? I mean in which format can i say?