Sponsored Advertisement
इंडियन गवर्नमेंट एग्जाम प्रेप
Suspense Account Group is defined under
Correct Answer: C
Solution & Explanation
In tally Suspense Account Group is defined under Liabilities. A suspense account is an account used to temporarily store transactions for which there is uncertainty about where they should be recorded. Once the accounting staff investigates and clarifies the purpose of this type of transaction, it shifts the transaction out of the suspense account and into the correct account(s). An entry into a suspense account may be a debit or a credit.
Advertisement
संबंधित प्रश्न (Related)
eTCS means
Which option from Company Info. menu is selected to create a new Company in Tally
BOM represents
Which ledger is created by Tally automatically as soon as we create a new company
Find out which is not a Default Ledger in Tally
Promoted Content