Answer Posted / tirumalesh
suspense account is an imaginary opened for the purpose of
tallying the trail balance.if the total of credit said of
the TB is short suspense account is credited.
Is This Answer Correct ? | 15 Yes | 8 No |
Post New Answer View All Answers
Entrance Exam question & Answer required
fill in the Blanks Share Holders in Company have _____________Liability
What is the difference between income statement & Profit&loss A/c?
What is the use of final account?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
What is the New GL concept? how do you configure new GL a/c?
Let me know the difference between cash flow and free cash flow
What are events occuring after the balancesheet date?
What is compensation theorem?
For what purpose ERS is used for?
can payorder be issued for outstation?if yes then how?should it be account payee?
what are the suggestions to control NPA in rural areas?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
about tally erp9
Expand---------DBPC