Suspense a/c
This query is : Resolved
24 June 2016
SIR
I HAVE SOME SUSPENCE IN PROPRITOR FIRM A/C. CAN I TRANSFER THIS SUSPENSE AMOUNT IN PROPRITOR CAPITAL A/C.
I HAVE SOME SUSPENCE IN PROPRITOR FIRM A/C. CAN I TRANSFER THIS SUSPENSE AMOUNT IN PROPRITOR CAPITAL A/C.
Rupesh Jain
(Expert)
24 June 2016
pls trace out what nature of amount you have in the books of accounts.
Jaymin Sabhaya
(Expert)
24 June 2016
Dear Sir,
If you do not find the source of receipt then it is advisable to offered as Income, instead of taking it to capital account.
If you do not find the source of receipt then it is advisable to offered as Income, instead of taking it to capital account.
Rupesh Jain
(Expert)
24 June 2016
you can easily know from bank from where and name of a/c who tfr the that amount in your account. then you can pass the appropriate entry in your books of accounts.
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