Interested to Buy Any Domain ? << Click Here >> for more details...
What Does Suspense Account Mean?
- 13 Answers
- 25605 Views
- Capital IQ, Talk Delta, I also Faced
- E-Mail Answers
Answer Posted / chandana
Suspense account is usually maintained when there occurs and
diffrence in the debit and credited side of trail balance.
So Suspense account is maintained to adjust the difference
in trial balance. It may occur due to the following:
error of ommission
error of commission
error of principle
The main purpose of this account is to show the ture and
fair picture of balancesheet.
| Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
how to do finalisation account ,pls tell me step by step ?
what is meant by transposition error
what is the cost and financial accounting? what is double entry system ?
what are the customization u have done in sap mm
types of inventory
what is accounting in automobile
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
EXPAND___________NBFCS
what are responsibilities of an accountant in a company?
can payorder be issued for outstation?if yes then how?should it be account payee?
