Interested to Buy Any Domain ? << Click Here >> for more details...
how to pass entries for suspense account?
- 5 Answers
- 34364 Views
- Reliance Construction, I also Faced
- E-Mail Answers
Answer Posted / sangeetha g
Suspense means unknown transaction. For exp, we have
received wire transfer without clear description, it means
unknow payment received from customer (unknown customer)
So the entry would be:
Bank Dr. *****
To suspenses account ******
| Is This Answer Correct ? | 28 Yes | 10 No |
Post New Answer View All Answers
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
Tell us why did you select accounting as your profession?
What are control ledgers? What are the purposes of maintaining it?
Tell me how can you explain the basic accounting equation?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
How to pass workscontract sale invoice which includes WCT & VAT.
what is subscription order
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
Tell me what is the difference between accumulated depreciation and depreciation expense?
Define trade bills?
What is general ledger account?
Into which account do we close the revaluation account balance during the winding up of a company?
on the basis accounting,acounting is divided in to how many classes and what are they?
