What is suspense Account?
Answer Posted / luv
suspense account is a temporary account which is being
opened if we dont know the party name if chq is recievd on
account of sale and paid on account of purchaseso that we
can trace the difference and make it coorect the entry in
future by replacing the party name therein
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
what is span of shares
how history is helpful for banking?
What is the analytical way of accounting?
What is difference between cash flow and funds flow?
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?????
Expand---------BPCD
Expand-------MUR
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
How do you avoid loss situation
1. Fdr mature with interest
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
why you want to join the banking and finance industry?
what are the type of cash flows?