Debenture Suspense is adjustment account which is prepared at the time of issue of debenture as collateral security to record the collateral issue.
payment in suspense to customers account as receivable account
Nominal accounts are closed at the end of each accounting year. In that sense, surely Suspense Account is a Nominal Account.
A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account.
Not necessarily. It can be of any type. Real, Personal or Nominal.
Suspense accounts are temporary holding accounts for financial information. When the proper account is determined it will be moved to a proper account. The amount of times varies between how often it should be cleared.
payment in suspense to customers account as receivable account
A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account.
A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account.
what is suspense account ? please give me answer in detail... what is suspense account ? please give me answer in detail... suspense is when you make people wait for something before they tell you what it is
It is capital loss of the company. It comes only in the time when redeem debenture. It is shown when we issue the debenture because it is one of the redeemable condition. it is loss of future but comes in balance sheet as separate account the name of premium redemption account in liability side so, it is carried at the time of issue.
Nominal accounts are closed at the end of each accounting year. In that sense, surely Suspense Account is a Nominal Account.
1. In normal course of business or day to day working there are so many transections arrises of that nature under which one or more accounts are missing that may be debit account or credit account so to temporarily resolve these kind of transections instead of missing account information suspense account is used to temporarily balance the debit and credit side of transaction and latter as things clear these suspense accounts replaces with actual accounts.
A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account.
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.
It's neither. 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.
The debentures of a company are a movable property, transferable in the manner provided by the Articles.
The debentures of a company are a movable property, transferable in the manner provided by the Articles.