regular business operation. In the investment field, suspense accounts are also known as brokerages accounts set for short-term periods until the money is allocated in a client’s account; this is the case when a client is opening an account but its unique account number hasn’t been ...
What is a suspense account? Written by See full bio Last editedOct 2020—2 min read Table of contents A company’s general ledger needs to show all of your organisation’s financial accounts, including your suspense account. Learn more about the meaning of suspense accounts, right here. ...
Suspense Account - What is a suspense account? A suspense account is an account used on a temporary basis for any transaction or balance that cannot be identified Keep track of all of your transactions, even from your smartphone with online accounting & invoicing software like Debitoor. Try it...
A suspense account is a special accounting designation that's used to temporarily classify receipts or transactions that look...
What is a custodial account? What is a revolving account? What is an overdraft in banking? What is a bounced check? What's a cashier's check? What is auditing? What is a liability account? What is a suspense account? What are income accounts?
What is differential revenue? What is a suspense account? What are taxable wages? What is pre-tax income? What is revenue? Explain. What is a debt-service coverage ratio? What is a balance transfer? What qualifies as self-employment income?
B. Entering $50 received from A Turner on the credit side of A Turner's accountC. Undercasting the sales day book by $100D. Undercasting the purchases account by $100 正确答案:D 分享到: 答案解析: The correct answer is: Undercasting the purchases account by $100. 'Entering $50 ...
What is an Average Daily Balance? What is a Credit Sweep? What is a Suspense Account? What is a High Yield Money Market Account? What is Account Reconciliation? Discussion Comments WiseGeek, in your inbox Our latest articles, guides, and more, delivered daily. ...
What was the balance on the suspense account? A.Credit $20,400 B.Debit $20,400 C.Debit $40,800 D.Nil 你可能感兴趣的试题 问答题 身临其境什么意思?身临其境怎么读? 答案:参考答案: 拼音:shēn lín qí jìng,简拼:slqj 成语解释:临:到;境:境界,地方。... ...
The term "suspense account" can have several different meanings, depending on the context. In the business world generally, a suspense account is a section of a company's financial books where it can record ambiguous entries that need further analysis to determine their proper classification. In ...