Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries. What is a suspense account?
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.
What is trial balance? Learn about trial balance in accounting, features of trial balance, and how the preparation of trial balance helps in accounting.
Why is a suspense account necessary? If a transaction is completed but it is not clear where the transaction came from and/or what it is meant for (it cannot be matched to an invoice or expense, for example), then a suspense account is used to separate that amount until it can be ide...
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
a suspense account until they are actually deposited into the supplier’s bank account. This allows the transaction to be properly accounted for in the interim period. As a bonus for the receiving bank, the balance of the transfer accrues interest for the short time it is in the account. ...
David Beckham is a great soccer player but if he doesn’t practice every day, he’ll lose his edge. (贝克汉姆是位伟大球员,如果他不每天练球的话他就会失去他的战斗力。) 2. What did you think that was?Honing your skills? honing 提高例句:Owning my own computer gives me the chance to ...
When your trial balance is out of balance (i.e., thedebitsare larger than thecreditsor vice versa) then the difference is held in a suspense account until the imbalance is corrected. Credits larger than debits? Record the difference as a debit in the suspense account. Debits larger than cr...
Sex is how women gain power over men.gain power over sb:征服某人,驾驭某人 27:05 Jumping jacks!是一种运动,开合跳。 27:34 Wanda left the most cryptic message on my answering machine. Before she left for rehab. She intimated that you and Karl were having some sort of marital problems.cry...
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...