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 isRectify entry: [Debit] Ali Account [Credit] Uzair Account
JoAnne tried to rectify her poor relationship with her son by spending more time with him. The banker scrambled to rectify the error in the account before the auditor arrived. The baker scrambled to rectify the flaw in the cake before the buyers came in.
No, that should be reported to the bank immediately. The bank will eventually discover the error if the account holder does not and will take whatever steps needed to rectify the problem. An account holder who knowingly uses such funds is guilty of a criminal offense.
Suspense account is created as a temporary account for balancing the trial balance.Errors in accounting are depicted through trial balance when it comes unbalanced.For temporary rectification the unknown balance amount is treated as suspense amt and it can either be debit(Expense) or credit(Income).The unknown balance amount will be set-off during identification of the error via reversal entries.
this error happend because the page is not exists.just add the page then the problem will appear
Exponential Smoothing Model
To rectify an error in TDL (Tally Definition Language), first, identify the specific error by reviewing the code and the error message if available. Then, correct the syntax or logic in the TDL script as needed. After making the corrections, save the changes and reload the TDL in Tally to ensure the error is resolved. Finally, test the modified code to confirm that it functions as intended without any additional issues.
If you receive a mistaken distribution from your HSA account, you should contact your HSA provider immediately to report the error and work with them to rectify the situation. It's important to address the issue promptly to avoid any potential tax implications or penalties.
Once John saw he owed fifty dollars for his energy bill, he wrote a check and mailed it in to rectify the situation.ORWhen John owed fifty dollars, he wrote a check torectify the situation.
Learning by "trial and error method" was discovered by - THORNDIKE
Is there a suspected fraudulent credit card error on your account?
If you have entered the wrong beneficiary name but the correct account number for a transaction, you should contact your bank or financial institution immediately to inform them of the mistake. They will be able to advise you on the next steps to rectify the error and ensure that the funds are properly transferred to the intended recipient.