Query
This query is : Resolved
akanksha sharma
(Querist)
30 March 2014
plz tell me sir the nature of supense a/c whether it is real personal or nominal?
PRATIK AGRAWAL
(Expert)
02 April 2014
Nice Question.
I think, there is no legal existence of this account, it is just a temporary account created for Balancing the Accounts which later needs to be rectified once the Actual treatment/reason is Know.
Even you can not show a suspense account in the Balance sheet.
So i believe it is not any of the Account.
I think, there is no legal existence of this account, it is just a temporary account created for Balancing the Accounts which later needs to be rectified once the Actual treatment/reason is Know.
Even you can not show a suspense account in the Balance sheet.
So i believe it is not any of the Account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
