Answer Posted / pawan kumar
In order for to avoid the delay in preparations of final
accounts,the difference in trial balance is put in the
account named suspense account.If the debit is more than
that of credit in trial balance then on credit side the
difference is put in credit mentioning to suspense
account.if in future any error is found then suspense
account is closed,then also if there is any balance then it
is transfered to balance sheet.
Is This Answer Correct ? | 54 Yes | 11 No |
Post New Answer View All Answers
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
institutional investors?
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
what are the important steps to take during the conversion of an accounting system.
define fixed assets
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
Expand-------CAN
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
about tally erp9
what is pre settlements and post settlements in Derivatives?
what are the accounting ratios