To determine the duration for a transaction pending to be considered as a long outstanding suspense payable, let's analyze the options given and identify the correct answer.
The options are:
a. Thirty day & above
b. Ninety day & above
c. One year & above
d. Two year & above
e. None
Breaking down each option:
Option a: Thirty day & above signifies that any transaction pending for at least 30 days would be considered long outstanding.
Option b: Ninety day & above suggests that any transaction pending for at least 90 days would be regarded as long outstanding.
Option c: One year & above implies that only transactions pending for a year or more would qualify as long outstanding.
Option d: Two year & above specifies that only transactions pending for at least two years would be classified as long outstanding.
Option e: None indicates that none of the provided durations accurately define long outstanding suspense payable.
Given the analysis and the context of the options provided, the correct duration for considering a transaction pending as a long outstanding suspense payable is:
c. One year & above
Thus, the answer is that a transaction needs to be pending for "One year & above" to be considered as a long outstanding suspense payable.
