What is suspense a/c in balance ?
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Answer / amit
WHEN WE BALANCING THE B/S THEN WHICH AMOUNT WE NOT FINDING
THEN THAT AMOUNT IS ENTERED IN THE SUSPENCE A/C FOR TALLY
OF B/S.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / ramakrishna
suspense a/c means nothing but when we balaceing books that
different amount will be transfer to one a/c that is called
Suspense A/C.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / hema
Simply tell about this Suspense A/C is used to Balance the
Accounts details .
for ex:if we made one expenses for Rs.2000/- we entered
that exp in tally Or Bookeeping but that time we got a
cofusion what kind of exp did we made?in that situation we
treat the exp A/c to Suspense A/c to balance the Accounts
details .
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / kumaraswamy
suspense account is only a parking accountlike sundry
deposit account. suspense is always a debit balance while
sundry a/c is a credit balance. the treatment in balance
sheet is suspense is shown as asset sundry a/c is a
liability.
the normal accounting rule is suspense a/c entries should
be cleared fast transactions should not be allowed to be
in suspense a/c for long.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / mohit
when our a/c is not matched with another a/c so to end of
that diff. we have to create suspense a/c.
eg.- we check bank statement with our own book statement to
match.if there is any amt. which is not found in our or
bank a/c is called suspense a/c.but it is not made for long
time.
| Is This Answer Correct ? | 2 Yes | 1 No |
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Short Answer on __________written Down value
i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
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Audit 
