What Does Suspense Account Mean?

Answer Posted / subhash bandi ku 9848741648

suspence account is used for store the short term funds or
secureties when permenant allocation of those funds

Is This Answer Correct ?    5 Yes 26 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How and by whom the Percentage of Depreciation is fixing?

2057


we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

1737


what is CDD’s configuration

1880


i need sbi bank clerk exam model question papers

2015


Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

1680






what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1591


Provision of Bad Debts is made in compliance with the convention of -----------

1532


what are the different kinds of cash books

1701


Short Answer on __________written Down value

1605


Depreciation method to using Indian company names

1680


what are Blue-Chip companies?

1758


I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.

1699


In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.

1619


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?

1660


The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690

6812