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Rectification

Accountancy

In the 11th video there are two cases opening and not opening a suspense a/c Sir told if the suspense A/c is opened then the Suspense A/c debited to sales . In the trial balance, sales will become 2000 but on debit side there is already 2000 and with debit of suspense A/c it will become 3000 SO EXPLAIN THIS


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Inter

12K+

31-Jul-20 11:25

300

Answers (4)

When working with the trial balance, you can open one suspense account to hold all of the discrepancies until you find them. However, suspense accounts are temporary accounts that must be closed by the end of your accounting cycle.


Sudha Reddy

Sudha Reddy

CA Final

20K+

03-Aug-20 09:57

So at the end of sum sudpense A/c will be balanced on boyh sides if we do the sum correctly


Thread Starter

Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Inter

12K+

03-Aug-20 10:02

Sudha Reddy

Yes, it should

Thank you


Thread Starter

Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Inter

12K+

03-Aug-20 10:05

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