Answer / shubham

A suspence account is a artificial account which is used to
rectify an account........

Answer / t.selvun

Suspense account can be analysed as an account which arises
generally in two occasions one is during the course of
accounting and another is at the report processing.

First the suspense account arises in the course of accounting.
When an income is received or an expense is incurred and
that particular income or expense is not falling under the
standard 'head of accounts' as per the 'Chart of Accounts'
in system, the particular item is placed temporarily under
suspense account the same item can be conferred right head
of accounts in the later date.

Secondly the Suspense account arises during the process of
Reporting. When the final accounts are prepared and the
accountant is left with untallied trial balance (Mostly in
Manual system only) the difference in either Debit or Credit
is placed under Suspense Account until it is traced to save
time in waiting and to proceed further in the process,
provided the amount of suspense is not material i.e very
nominal with the magnitude of TB,

Answer / srikanthreddy.a

Suspense accounts is account The difference in the trial balance put temporally in the suspense account till it's rectified

Answer / n harini

In some times if any cash transactions are misplaced we will
called it as suspense accounts at the time of balance sheet

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What is an ea in accounting?

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what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

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A has to pay to B Rs. 10000 but C pay pay Rs. 10000 to B on behalf of A. What will be the journal entry in all the three persons.

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