Answer Posted / lxmi1972
Suspense Account is the one where the unknown transactions
which need to be resolved and transferred to the respective
Accounts in a short while before finalising the Acoounts
for the particular year close.
| Is This Answer Correct ? | 15 Yes | 0 No |
Post New Answer View All Answers
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
what is dmat charges?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Why we debit expenses and credit incomes ?
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
Define offset accounting?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
What qualification do you need to become an accounting professional?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
Define trade bills?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
List out some of the examples for liability accounts?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?