Suspense a/c

This query is : Resolved

Trainee (Querist)
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07 May 2014 There is one payment(Suspense) entry of Rs. 1 Lakh in my book of accounts. But I dont know that to whom I had made this payment. So plz tell how can I clear this suspense

Sandeep Dharar

Sandeep Dharar (Expert)
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07 May 2014 The amount is big, u must know that. If it is made through Bank then u can kno it via ur passbook. Or if it is in Cash then transfer it to General Expenses, Office Expenses Etc.

Entry:-

General/Off. Exp/etc. Dr
To Suspense.

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