Answer / srinivas annavarapu

A Suspense A/c is an account used temporarily to carry out
doubtful receipts or payments / disbursements for which the
analysis or correction (account number or proper account)is
pending. Once the analysis is done and found whether
mistake happened at Debit or Credit, it should be corrected
and Suspense a/c should be made Zero.

Answer / harry

The suspense account temporarily holds unclassified transactions while a decision is being made as to their classification. Transactions in the suspense account will still appear in the general ledger, giving the company an accurate indication of how much money it has.

Answer / subhash bandi ku 9848741648

suspence account is used for store the short term funds or
secureties when permenant allocation of those funds

4) What is Journal Entry of 1) Credit Sales. 2) Credit sales with Discount. 3) Credit sales with VAT. 4) Outstanding Rent paid. 5) Credit Purchase. 6) Out standing wages paid. 7) Bank over draft 8) bank charges 9) Dishonor check

9 Answers   Accenture, Genpact, Wipro,

---

Bank give some interest on deposit less tds what is the general entry for this?

3 Answers  

---

Diffrence between cost, financial and management accounting

2 Answers  

---

what do you mean by financial analysis and technical analysis ?

0 Answers   Tech Mahindra,

---

Expand---------DTRE

5 Answers  

---

all of interview question about coop bank of oromia

0 Answers  

---

why do u prepare trial balance

6 Answers  

---

what is accounts receivable and accounts payable and how to use accounts receivable and accounts payable?

2 Answers   Thomson,

---

Create Good Will of Rs 125000 and apportioned between the existing partners A,B and C as per their sharing ratios 25%,35% and the remaing %. Pass journal entry

1 Answers  

---

Why should balance sheet always get tallied ?

3 Answers  

---

please tell me questions asked in NICMAR for the post of accounts executive

0 Answers  

---

Expand----------CTSS

2 Answers  

---