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A suspense account is an account used temporarily to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions (cash receipts, cash disbursements and journal entries) entered with invalid account numbers.
Rectification is a remedy whereby a court orders a change in a written document to reflect what it ought to have said in the first place. It is an equitable remedy , [ 1 ] and so the circumstances on which it can be applied are limited.
This interest are also kept in suspense account. This interest is not come as income in the financial account. What is happened due to all nonsense activities of bank authority? The answer may be as follows : 1. The ordinary share holder gets less dividend due to interest not brought as in financial account. 2.
The people in Donald Trump’s orbit are floating some dramatic ideas that would remake the way banks are regulated. There are lots of questions about whether any of the ideas will come to pass.
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The Facebook dispute was one of two cases to come before the Supreme Court this month involving the right of private litigants to hold companies to account for alleged securities fraud.
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The rectification process was a series of economic reforms in Cuba, officially titled the Rectification of Errors and Negative Tendencies. The process began in 1986, and lasted until 1992. The reforms were aimed at eliminating private businesses, trade markets, that had been introduced into the Cuban law and Cuban culture, during the 1970s.