Interested to Buy Any Domain ? << Click Here >> for more details...
What Does Suspense Account Mean?
- 13 Answers
- 25588 Views
- Capital IQ, Talk Delta, I also Faced
- E-Mail Answers
Answer Posted / lakshmi narayana
the purpose of preparing trail balance to know the
arithemetical accuracy of an organisation at a given period
by posting the ledger balances,side by side. Due to some
errors made by the clerical staff dr N cr balances of trail
balance would not tally. To overcome this one temperary a/c
is prepared and the difference bal should be delivered to
that a/c.It enables the org to move forward to prepare other
a/c s like trading and p&l a/s and balance sheet to know the
financial position of the co.After the errors have been
rectified then the bal in susprense should be nullified.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
What are the benefits ofparticipation in a depository?
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
what is payment method?How many payment method we can assign to company code.
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
For what purpose ERS is used for?
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?
Difference between nonoperating expentiture and non cash expenditure
what is cc limit and what role accountant play to maintain it?
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
What is Split And buy-back?
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
