What is suspense Account?
- 22 Answers
- 54539 Views
- Accenture, Amazon, Genpact, IBM, manappuram, TN, I also Faced
- E-Mail Answers
Answer Posted / maa
When the credit and the debit does not tally in a trial
balance, the account will be suspended until the credit and
debit tallies. This account which is suspended is called
suspense account.
| Is This Answer Correct ? | 31 Yes | 18 No |
Post New Answer View All Answers
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
what are the customization u have done in sap mm
What is cash clearing account
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
what is cnc machine hour rate? how it is calculated?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
what is Journal Entries?
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
what are the purpose for the preparation of cost centre ?
what are the importance accounting entries for AP and AR process in interview..
while i creating a main asset master there is a error called process being terminated? pls send the solution
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
If someone knows about the test pattern of Junior executive accounts than please share.
