Answer Posted / nitin
while tallying the trial balance , if there is a difference between both side and you dont know the reason of that then transfer it to the suspense account. when you come to know about the relevant account later on then transfer to it by closing suspense account.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Are you comfortable with cold-calling?
What is the formula for acid test ratio in accounting?
What are the functions of manger -accounts and manager-finance?
What is good accounts Process & Execution capabilities?
What are the features of financial accounting?
what do you consider to be the biggest challenge facing the accounting profession today?
Is an "account receivable" and "goodwill" real accounts in accounting?
all GL Related Interview questions with answear
Can you differentiate accounting and auditing?
Are there any questions you would like to ask?
calculations of pf
Tell me what is gaap?
Tell me why did you select accounting as your profession?
what is the meaning of 4X and 10X value in intraday market?
What is bad debt expense?