PROFIT and LOSS SUSPENSE account

19:37 Jul 28, 2023
English to Ukrainian translations [PRO]
Bus/Financial - Accounting
English term or phrase: PROFIT and LOSS SUSPENSE account
Article in a trial balance of Cyprus company under "Share capital" category
Olga Tarasova
Ireland
Local time: 12:14


Summary of answers provided
3проміжний рахунок прибутків і збитків
Vladyslav Golovaty


  

Answers


38 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
проміжний рахунок прибутків і збитків


Explanation:
ще зветься рахунок перехідних сум, рахунок сум до з'ясування
A SUSPENSE account is an account in the books of an organization in which items are entered temporarily before allocation to the correct or final account
A suspense account is an account in which you record any unclear revenue or expenses for a client until they're able to clarify them. Suspense accounts allow accountants to monitor ambiguous transactions separate from a company's or individual's finances. https://www.indeed.com/career-advice/career-development/susp...



    https://ips.ligazakon.net/document/RE20026
Vladyslav Golovaty
Ukraine
Local time: 14:14
Works in field
Native speaker of: Native in EnglishEnglish, Native in RussianRussian
PRO pts in category: 8
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