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
If there is an anomaly, this amount is placed in a suspense account until the balance is corrected, and the amount is accurately placed in the right account. Just like any to-do pile, the suspense account cannot hold your mystery amounts forever, and its proper place will need to be ...
a suspense account is a type of brokerage account where a customer's proceeds from selling an investment may be recorded until the customer uses the money to invest in something else.
A suspense account is a special accounting designation that's used to temporarily classify receipts or transactions that look...
A suspense account is an account used on a temporary basis for any transaction or balance that cannot be identified.
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?
Popular in the banking and finance world, penny tests are a simple way to verify the validity of a bank account or bank integration, prior to a large finance transaction taking place.Read more→ What is a Sweep Account? Sweep accounts are a particular type of bank account where funds are ...
Log In Sign Up Subjects Business Finance Checking account What is a merchant account?Question:What is a merchant account?Selling Merchandise:A merchant is a seller or a person who sells a good or service to the general public. Merchants sell a variety of items and do business from ...
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 ...
The suspense account shows a debit balance of 100. What could this balance be due to?? Entering 50 received from A Turner on the debit side of A Turner's accountEntering 50 received from A Turner on the credit side of A Turner's accountUndercasting the sales day book by 100Undercasting...