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 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...
at which time the funds are promptly re-shuffled to their correctly designated accounts. At that point, the suspense account should achieve a balance of zero dollars. While there is no definitive timetable for conducting a clearing-out process, many businesses try to regularly accomplish...
They won’t start shooting for a month. Now, learning your role is the order of the day.(离片子的开拍还有一个月,所以现在熟悉你的角色是最重要的。) 2.beat sb. to the draw 比别人抢先一步例句:We lost the project. Rainbow Company beat us to the draw.(这个项目我们没有拿到,因为彩虹公司...
My mom used to love pizza.- What did you think of her body?- Salad it is.Eli提议吃披萨,Taylor提醒Eli她妈妈就是吃披萨吃出来的身材。Eli只好无奈地答应吃沙拉。所以“XXX it is”在这里是带一点无奈的意思的,但也有“就这样决定了”的意思。比如:How about going to the beach?Beach it is. 13:...
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
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What do you understand by an account payable? What is a controlling account? Give an example. What is the allowance for uncollectible accounts? Describe when a prepaid account would be used. What is the use of a suspense account? Define or describe the following: Normal balance of an account...
28. To do nothing at all is the most difficult thing in the world, the most difficult and the most intellectual 什么也不做是世上最难的事情,最困难并且最智慧。 29. When I was young , I used to think that money was the most important thing in life , now that I am old , I know ...