meenamekha example and sentences
हिंदी मे अर्थ Meaning in english उदाहरण
Usage and Example of meenamekha 1. अत्यधिक मीनमेख घातक है।
The errors which affect only one account can be rectified by giving an exaplanatory note in the account affected or by recording a journal entry with the help of the Suspense Account.
The accountant tallies his trial balance by putting the difference on shorter side as suspense account .
This difference will be temporarily put to suspense account and trial balance will be made to agree in the ledger.
In a real situation, there can be many other such one-sided errors which cause a difference in trial balance and thus result in opening of the suspense account.Given are the examples of hindi word meenamekha usage in english sentences. The examples of meenamekha are provided according to its meaning(s) in english language i.e., dilemma, suspense, quandary, quandry.
This distinction is relevant because the errors which do not affect the trial balance usually take place in two accounts in such a manner that it can be easily rectified through a journal entry whereas the errors which affect the trial balance usually affect one account and a journal entry is not possible for rectification unless a suspense account has been opened.
The errors which affect only one account can be rectified by giving an exaplanatory note in the account affected or by recording a journal entry with the help of the Suspense Account.
The accountant tallies his trial balance by putting the difference on shorter side as suspense account .
This difference will be temporarily put to suspense account and trial balance will be made to agree in the ledger.
Till the all errors affecting agreement of trial balance are not located it is not possible to rectify them and tally the trial balance in such a situation, is shown in the Suspense account, make the total of debit and credit columns and proceed further with the accounting process.
When the errors are located and the specific accounts and amounts involved are identified, the amounts are transferred from suspense account to the relevant accounts thereby closing the suspense account.
Thus, suspense account is not placed in any particular category of accounts and is just a temporary phenomenon.
If some errors committed during an accounting year are not located and rectified before the finalisation of financial statements, suspense account cannot be closed and its balance will be carried forward to the next accounting period.
This was the Triffin Dilemma after Robert Triffin, the main critic of the Bretton Woods system.
संबंधित शब्द