Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What are Wash accounts and suspense accounts and how do
they operate?



What are Wash accounts and suspense accounts and how do they operate?..

Answer / dipinder kaur

susupense accounts and wash accounts are one and the same thing...they are basically for providing a temporary location for transactions untill a co. figures out where the cost needs to be transferred...At the end of the year, suspense/wash accounts should show a zero balance..

Is This Answer Correct ?    24 Yes 4 No

Post New Answer

More Accounting General Interview Questions

Meaning of tax invoice

3 Answers   Karbon,


We are dealing in a security (MANPOWER PROVIDER)WE HAVE A PROBLEM AS PER OUR CLIENT'S REQUIREMENT pf and esic challan seprately require by client's can we generate seprate challan Please advice as early as possible.

1 Answers  


for an employee in receipt of hostel allowance for his three children,the maximum annual allowance exempt u/s 10 (14) is

1 Answers  


what is the direct taxes?

3 Answers   JK Associates, TATA,


What is Share Premium?

7 Answers   Capital IQ,


i am a registerd Dealer in Delhi i have Purchase Some Capital goods can i take inpute vat banifit if yes pls spacifie.

2 Answers  


HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

0 Answers  


what is bank aceleted?

0 Answers  


How to Automate requirment mapping in QC?

0 Answers  


If cheque issued for 1400/- and recorded as 1900/- how do we rectify this error.

6 Answers  


what are doucement required under registration of properity firm. give the answer breif

0 Answers  


What is mutual fund what is derivatives what is capital market what is TDS.breifly

0 Answers   Syntel,


Categories