share suspense account

Suspense Account is Any account That at This Time Accountant Cudnt Identify Which to Debit Which to Credit.

& Create a Suspense Account on Temprorary Basis & Reverse The Same After Identifying It.

in wich case it as to be creatd?

any case ...

no such criteria

Very Well Explained by Ayush And Janak. Agree

Thank you guys

Thanks ayush and janak, m also understanding this concept.

Originally posted by : janak
	Share suspense account is a temprorary a/c created, to transfer any receipts on shares issue or re-issue (in case of forefeiture) is case of a pending decision regarding that receipt. Eg: when re-issue is made in case of a forfeiture of share, journalise that transation as:- Bank a/c............................................Dr.    XXX      To share suspense a/c                                   XXX then after decision regarding reissue, share suspense a/c.......................... Dr.    XXX        To share capital a/c                                       XXX balance if any in share suspense will be paid of when it is not alloted... share suspence a/c.............................Dr.   XXX         To Bank a/c                                                    XXX   as much i know , i have told....ok

Thnx Janak for updation...

Originally posted by : janak
	Share suspense account is a temprorary a/c created, to transfer any receipts on shares issue or re-issue (in case of forefeiture) is case of a pending decision regarding that receipt. Eg: when re-issue is made in case of a forfeiture of share, journalise that transation as:- Bank a/c............................................Dr.    XXX      To share suspense a/c                                   XXX then after decision regarding reissue, share suspense a/c.......................... Dr.    XXX        To share capital a/c                                       XXX balance if any in share suspense will be paid of when it is not alloted... share suspence a/c.............................Dr.   XXX         To Bank a/c                                                    XXX   as much i know , i have told....ok

thanks janak bhai/behan...

Originally posted by : janak
	Share suspense account is a temprorary a/c created, to transfer any receipts on shares issue or re-issue (in case of forefeiture) is case of a pending decision regarding that receipt. Eg: when re-issue is made in case of a forfeiture of share, journalise that transation as:- Bank a/c............................................Dr.    XXX      To share suspense a/c                                   XXX then after decision regarding reissue, share suspense a/c.......................... Dr.    XXX        To share capital a/c                                       XXX balance if any in share suspense will be paid of when it is not alloted... share suspence a/c.............................Dr.   XXX         To Bank a/c                                                    XXX   as much i know , i have told....ok

thanks janak bhai/behan...

will this share Suspense account be the part of net worth??