Topic: Suspense Accounting Account Examples
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What Is the Meaning of a Suspense Account?
In accounting, the money coming into the business must match the money going out of the business. This doesn't always happen. Sometimes, prepayments, deposits or similar arrangements cause funds to enter the business without a matching acco... Read More »
Source: http://www.ehow.com/about_6326375_meaning-suspense-account_.html
How to Avoid Suspension of an eBay Account
Account suspension on eBay is all too common, even among buyers and sellers who have followed the rules, or are unaware they have broken a rule. If you want to keep your eBay account and reduce the chances of it being suspended, here are so... Read More »
Source: http://www.ehow.com/how_4709663_avoid-suspension-ebay-account.htm...
What is the purpose of a suspense account?
is used to identify errors made in trial balance making it not to balance Read More »
Source: http://wiki.answers.com/Q/What_is_the_purpose_of_a_suspense_accou...
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Answers to Other Common Questions
n. A temporary account in which entries of credits or charges are made until their proper disposition can be determined.
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Source: http://www.answers.com/topic/suspense-account
Debenture Suspense is adjustment account which is prepared at the time of issue of debenture as collateral security to record the collateral issue.
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Source: http://wiki.answers.com/Q/What_is_the_nature_of_debenture_suspens...
Share suspense account is a temprorary a/c created, to transfer any receipts on shares issue or re-issue (in case of forefeiture) is case of a pending decision regarding that receipt. Eg: when re-issue is made in case of a forfeiture of sha...
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Source: http://wiki.answers.com/Q/What_is_mean_by_share_suspense_account
Assets − Liabilities = (Shareholders or Owners equity or Capital)
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Source: http://wiki.answers.com/Q/What_is_an_example_of_an_accounting_equ...
Examples of Contra Accounts are Accumulated Depreciation and Provision for Doubtful Debts
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Source: http://wiki.answers.com/Q/What_are_the_examples_of_contra_account
A suspense account is a separate category of account code opened to record expenditure or income which, for the time being at least, cannot be properly allocated to a specific budget related expenditure or income account code. By definition...
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Source: http://wiki.answers.com/Q/What_is_Suspense_Account._Why_is_it_ope...
The suspense account is a balance used to force the trial balance to agree. Once the errors have been located the respective amounts are debited or credited out of the suspense account until the balance is zero.
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Source: http://wiki.answers.com/Q/What_is_the_purpose_of_profit_and_loss_...
