Interested to Buy Any Domain ? << Click Here >> for more details...
What is suspense Account?
- 22 Answers
- 60082 Views
- Accenture, Amazon, Genpact, IBM, manappuram, TN, I also Faced
- E-Mail Answers
Answer Posted / puru
When trial balance does not tally , the difference is put
into a newly opened account named suspense account and the
trial balance is thus made to tally. In case , the debit
side exceeds the credit side the difference is put on the
credit side of suspense account . Likewise , if the credit
side of the trial balance exceeds the debit side , the
difference is put on the debit side of suspense account.
| Is This Answer Correct ? | 32 Yes | 12 No |
Post New Answer View All Answers
distinquish between liquidity ratio and asset management ratio
---------is the main or principle book of accounts
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
What do you mean Business
Assets are held in the Business for the purpose of____________________
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
WhatIs the limit of duty exemption in smal scale industries.
Expand--------SRTA
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
What is meant by consignment
what is the document spliting?
what are the rules and regulations of junior accountant
Short Answer on _________Accounts Receivable
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
Who to create a budget on software company
