Please refer to the Per Cap'ta Tax Suspense Account Statement for the balance 'n your suspense account. |
There is a counterpart entry in the suspense account with the same title under sundry accounts payable. |
The guide assists in the preparation of budgets, cash forecasts, year-end payables, funds re-profiling and suspense account information. |
In the case of a profit, the entry made shall be a debit to a suspense account as other assets and a credit to the revaluation account. |
In these cases, the accounting treatment should use a suspense account in which disbursements are recorded ahead of time. |
Entering the sum in a suspense account will oblige the manager to ensure that the tax cost is recovered. |