what is suspense a/c?
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Answer / sanjay
Suspense Account is the account for posting unknown debit/credit. It is either debit or credit.
whenever u know the source of the relevant entry u have to
clear that posting from suspense account to respective income/expense
Is This Answer Correct ? | 9 Yes | 1 No |
Some of the Expenses are not to be perfacly determide to
suitable head, i.e exp are to be transfer to suspense a/c.
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / gunjan kumar mishra
suspense a/c is not party name clear.
Is This Answer Correct ? | 4 Yes | 9 No |
where should the closing stock amt will effect in p & l & in b/s
what is liability? give some entry
Our company deposited an amount of 20000 as FD . After the maturity period we are not received any interest and the bank deducted 2938 amount as TDS from our interest and added the interest to the principle amount and renewed the FD. then what is the journal entry for the same.
Diffirent betwen Capital Expendature & revenue expendature
8 Answers Genpact, IBSN, Malbro,
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