Suspense a/c
This query is : Resolved
Gurvinder Singh
(Querist)
26 September 2013
If, at the end of the financial year, unable to track a receipt, as to from where it has come and for what services, what entry should be passed during the closing of accounts.
Pls adv.
Thnx and regards
Gurvinder Singh
Pls adv.
Thnx and regards
Gurvinder Singh
Ganeshbabu K
(Expert)
27 September 2013
If your auditor is not having any objection..
.
.
if suspense account is debt balance group it under Sundry debtors,,if suspense account is having credit balance group it under sundry creditors
.
.
if suspense account is debt balance group it under Sundry debtors,,if suspense account is having credit balance group it under sundry creditors
Gurvinder Singh
(Querist)
27 September 2013
Thnx, Mr. Ganeshbabu
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