answersLogoWhite

0

suspense records

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is general ledger suspense?

A general ledger suspense account is used to temporarily record items for which the accounting is not clear.For example, if a company records an expense, without keeping adequate documentation, the bookkeeper may need to record the item in the "suspense" account. Once adequate documentation is found, the item would be reclassified into its proper account.


What does net suspense refund mean?

Net suspense refund refers to a situation in accounting or finance where a payment or refund is temporarily held in a suspense account due to uncertainty about its proper allocation or classification. This can occur when there are discrepancies in records or when the payer's identity is unclear. Once the necessary information is verified, the funds can be appropriately allocated and released from the suspense account. Essentially, it's a way to manage funds that cannot be immediately processed.


What is double entry for suspense interest?

Double entry for suspense interest involves recording interest that is uncertain or not definitively allocated to a specific income or expense account. When suspense interest is recognized, it is typically credited to an interest income account and debited to a suspense account, indicating that the amount will be clarified later. This method ensures that financial records remain balanced while providing flexibility to adjust entries once the interest classification is confirmed.


Will final destination 5 be horror or suspense?

horror and suspense are actually the same thing. horror is a synonym for suspense and suspense is a synonym for horror


Are romance in suspense movies?

There can be romance in suspense movies.


What is the verb for suspense?

The verb for suspense is "to suspend."


When was Suspense Digest created?

Suspense Digest was created in 1972.


When was Saturday Suspense created?

Saturday Suspense was created in 1998.


How do you spell suspense?

That is the correct spelling of "suspense" (anxiety, uncertainty).


What is the meaning of word suspense in Telugu language?

suspense meaning in telugu theliyakundaunchadam


What is equity suspense?

Equity suspense refers to a temporary holding account within an organization's financial records where transactions related to equity securities are placed until they can be properly identified or allocated. This can occur due to various reasons, such as discrepancies in share transactions, unallocated dividends, or pending shareholder information. The goal of equity suspense is to ensure that all equity-related transactions are accurately accounted for once the necessary information becomes available. Proper management of equity suspense is crucial for maintaining accurate financial statements and ensuring compliance with regulatory requirements.


What is suspense account and method of rectify error?

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