11-23-2004, 07:10 PM
hello sarfaraz and pracs,
thank you so much for reply......sarfaraz i think you are right but if we fail to find the error and accounting year ends than what will be the treatment of suspense account. It will go to the balance sheet or income statement? What is the nature of suspense account temporary or permanent?
thank you so much pracs. personaly i agree with you and i think it is the perfect answer but please explain whether this difference exist in law or you just personaly think............
thank you again.
thank you so much for reply......sarfaraz i think you are right but if we fail to find the error and accounting year ends than what will be the treatment of suspense account. It will go to the balance sheet or income statement? What is the nature of suspense account temporary or permanent?
thank you so much pracs. personaly i agree with you and i think it is the perfect answer but please explain whether this difference exist in law or you just personaly think............
thank you again.
