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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 Foundation

11K+

31-Jul-20 11:25

32

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

Moderator

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


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

03-Aug-20 10:02

sudha reddy Moderator

Yes, it should

Thank you


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

03-Aug-20 10:05

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