What type of account is a suspense account? A suspense account is a holding account found in the general ledger. Depending on the transaction in question, a suspense account can be an asset or liability. If it’s an asset in question, the suspense account is a current asset because it ho...
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 designation within an accounting process that is used as a temporary classification for disbursements or receipts that require further analysis before making a permanent assignment within the records. Accounts of this type serve a useful function, in that they are ofte...
What is the function of a suspense account? A、A device used to enable the production fo the financial statements, when required, despite the presence of errors. B、 A method of ensuring the trial balance will agree. C、 A way of focusing attention upon
in balance, as per the accounting equation). Once you receive the full payment from the customer, you’re going to debit the suspense account for $100, then credit yourAccounts Receivablefor the same amount. The suspense account has now been closed out and the payment is in its proper ...
A suspense account is normally located in the general ledger. Any amount that is posted to the suspense account should be there on a temporary basis only, as this amount needs to be investigated and posted to the correct account. If you have taken over the accountancy for a company and the...
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...
The suspense account shows a debit balance of $100. What could this balance be due to? A.Entering $50 received from A Turner on the debit side of A Turner's account B.Entering $50 received from A Turner on the credit side of A Turner's account...
由于他的这种英勇的自我牺牲精神，五艘破旧不堪、孤零零的小船敢于去向无人知晓的海域挑战。这种非凡的胆略是不会被人忘记的，他本人也不会被人忘记。他是第一个提出环球航行这个最大胆想法的人，而且是他的最后一艘船实现了这一理想。“他”是（）
In our discussion of instincts we saw that there was reason to believe that whatever we inherit must be of some very simple sort rather than any complicated or very definite kind of behavior. It is certain that no one inherits a knowledge of mathematics. It may be, however, that children ...