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GeekInterview.com > Interview Questions > Accounting > General Ledger
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Question: Suspense Account
Answer: Hi Friends,
I have a problem with suspense account. I been working for some organization and they have been getting this suspense account error since 2003. But its a big organization and they didn't consider it as a problem so far..but now-a-days this suspense account is increasing rapidly and decreasing rapidly.. Could you pls tell me how to clear this suspense account. They are using Oracle Applications since 2001. Your help is greatly appreciated .
Thanks in advance
kishu |
| July 07, 2009 09:12:50 |
#7 |
| balajinanduri |
Member Since: May 2009 Total Comments: 4 |
RE: Suspense Account
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Generally the suspense Accounts are temporary and are used to park the amounts.
1. Therotically suspense account is used if there is any disagreement in trial balance.
2. Suspense accounts are used for making the payments on online. |
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