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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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