Topics related to accounting and law.

[zahoor]

hi ali,
yaaar you are right but it's not necessary that we have used the suspense account at the begening of the financial year . we may
need this account at (suppose) 25th december and after few days our
accounting period will be over .......than we will make the final
accounts......so than we have to post this account somewhere either
in the balance sheet or in income statement.so, what we will do?
we can detect the errors but not always in desireable time period.
so this is the problem .......... i hope that you will
reply........
take care
alla hafiz

khan