What is Suspense A/c.?
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Answer / rajni
the difference of the trail balance is transferred to the
suspence account, and the trail balance is thus tallied.
later on, when the errors will be located, they can be
rectified through the Suspence Account. the suspence
account will be eliminated when all errors will be located.
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / prrempaulsingh
any entery reflected by bank account but we have not any
spporting documents so i antered a suspense account and
also clrefication from bank and parties and rectified from
suspenses
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / anuradha
suspense account is a temprory account which is used to
close the finalisation oof accounts whenever tha assets and
liabilities are not taken for ...........
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / dinesh singla
a suspense account is an account which is opened when the
trial balance does not tally and in which the difference in
the trial balance is entered to tally the trial balance.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / grish shinde
any entery reflected by bank account but we have not any
spporting documents so i antered a suspense account it
should be clerefi from bank and parties and rectified from
suspenses
| Is This Answer Correct ? | 1 Yes | 1 No |
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