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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

CA Inter

★ 13K+

31-Jul-20 11:25

560

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

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

CA Inter

★ 13K+

03-Aug-20 10:02

Thread Starter

Prasanth Kumar

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

Yes, it should

Sudha Reddy

CA Final

★ 20K+

03-Aug-20 10:05

Sudha Reddy

Yes, it should

Thank you

Thread Starter

Prasanth Kumar

CA Inter

★ 13K+

03-Aug-20 10:05