Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is suspense a/c in balance ?

Answer Posted / mohit

when our a/c is not matched with another a/c so to end of
that diff. we have to create suspense a/c.

eg.- we check bank statement with our own book statement to
match.if there is any amt. which is not found in our or
bank a/c is called suspense a/c.but it is not made for long
time.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Hot Issue Income for Hedge Funds?

8708


how to calculate share values of a company.

2164


Expand ________FOR

2166


what is purchase consideration? How does it come about and how is it treated in the books?

2504


why do u want to join bpo sector

2263


differed tax liability

1865


Define `Realisation` Account? Explain the salient features?

3099


How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?

2181


What is SOX

2147


Expand MNS

2217


ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT

2013


How do you plan to achieve these goals

2332


What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

2306


Is WCT paid to be considered as overhead during costing in construction firm?

2005


Define Salry for the following purpose 1.To calculate HRA

2143