What Does Suspense Account Mean?

Answer Posted / raghavendra

when trial balance does not tally inspite of the best
effort so presantion of fianla account can not posspond
for a long period so supense account is placed when debt
side of trial balance is short supense account is placed on
debt side and when credit side is short supense account is
placed credit side

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on __________Accrued interest

1415


what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

1899


what is circuit filter?

1499


Explain why retained earnings have an opportunity cost associated?

2948


What are the benefits ofparticipation in a depository?

2019






how standard costing techniques are applied in manufacturing sectors

1737


Expand---------MRDT

1799


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%.

1844


What does my credit score mean?

1497


As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...

1564


Expand---------ODMT

2046


How can fictitious assets be measured or valued?

1600


what is the use of accounting standards

1464


What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.

1685


hi guys, pls refer me how to preppare for Indian Bank exams.

1961