What is suspence a\c? why it should not transferred to the
balance sheet?
Answer Posted / bhanuprasad gollapudi
SUSPENCE A/C IS WHEN TRAIL BALANCE DIFFERENCE IN DEBIT SIDE THEN THE ADJUSTMENT AMOUNT IS POST(SHOW) IN SUSPENCE ACCOUNT SO CALLED AS SUSPENCE ACCOUNT.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
pass journal entry for Prepaid insurance
what is the meaning of written-off as goodwill written-off
we can transfer stock between two firms with same name but prop. is different.
What are the differences between accounting and auditing?
What is a ledger? What do you mean by ledger posting?
1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
What are the reasons which cause pass book of the bank and your bank book not tally?
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
How the MIS format made up in XL.
Tell us do you have any professional experience of this field?
What are the difference between Debit Memorandum and Credit Memorandum?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.