Rectification

Accountancy

Why suspense account is credited or having credit balance? Is it based on assumption?

Sugam SM

CA Final

★ 9K+

25-Feb-22 17:53

557

Answers (1)

Best Answer

After putting all entry in the suspense account except opening balance then the suspense account has a debit balance which is equal to the opening balance and that's why opening balance of suspense account putting in the credit side.

Hai Iam Anas

CA Inter

★ 8K+

25-Feb-22 19:19