What is Discounted Payback Period Method?
The discounted payback period method is a tool for investment appraisal that is used to determine how long it will take to recoup the project’s initial investment. It is a variant of the payback period method, which determines how long it will take to recoup the project’s initial investment without taking the time value of […]
What is a Suspense Account in Financial Accounting?
A suspense account is a general ledger account that consists of certain transactions that cannot be immediately categorised under correct accounts. The correctness of ledger accounts is not always demonstrated by a trial balance. It is just a demonstration of the postings’ mathematical correctness. There may be inaccuracies even though the sum of the credits […]