what do you mean by suspense account?
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Answer / venky
suspense account is the temparary maintaning account
if any over balances in trailbalance put into suspense
account ,(means if any differences between credit and debit
this different con put into suspense account).
| Is This Answer Correct ? | 28 Yes | 3 No |
Answer / tirumalesh
suspense account is an imaginary opened for the purpose of
tallying the trail balance.if the total of credit said of
the TB is short suspense account is credited.
| Is This Answer Correct ? | 15 Yes | 8 No |
Answer / prashanth 09849535484
suspense account is a personal account.It is prepared to
cancel the effect of all errors.
suspense account disappear from the books of accounts as
when all the errors are rectified.
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / priyanka.porwal
All the final report are prepared on the basis of trial balance. It is better to check in any mathematical mistake.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / sagar chillal
Thus, a suspense
account, strictly
speaking is raised
to get over
immediate problem
or identifying
receipts an
payments.
| Is This Answer Correct ? | 1 Yes | 2 No |
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Provision of Bad Debts is made in compliance with the convention of -----------
Answered but misspelled pl correct ONE OF THE MAIN EXTERNAL USERS OF ACCOUNTING INFORMATION (ANS.SREKANB)
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A person pays and EMI of $750 to a bank,the EMI included $400 of principle amount pass journal entry
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