Hi Friends,I have a problem with suspense account. I been working for some organization and they have been getting this suspense account error since 2003. But its a big organization and they didn't consider it as a problem so far..but now-a-days this suspense account is increasing rapidly and decreasing rapidly.. Could you pls tell me how to clear this suspense account. They are using Oracle Applications...

Hemant Balodia

• Jul 25th, 2011

I have worked for "Westpac Banking corporation" which is largest bank of Australia. I was in suspense team. In suspense accounts generally value comes when the values moves from sub ledger to ledge...

raghunath

• Jul 23rd, 2011

To clear suspends account in oracle finance.we have to assign suspends account type in at our chart of accounts as liabilities account type.in values of account segment.then go to accounting setups op...

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rex

• Jun 23rd, 2022

The question was asked correctly in SAP there is a concept of Leading, non leading, extention ledgers where nothing is mentioned about GL groups,types of accounts etc. The writer wants to know how this relates to the general ledger...do you?

Ansar Aluva

• Oct 20th, 2015

General Ledger is the control account where we do not have individual details for each entries which is flowing from Sub edger.
Ledger, technically the breakup of an individual ledger with all details which is recording in sub-ledger level.

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vijay

• May 9th, 2017

The Land always will get appreciation.

Shilpa Borsare

• Feb 19th, 2017

Because we cannot define useful life of land

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