Suspense account accounting policy

Originally posted by : hemanth p s
	anyone have accounting policies sample related to suspense account clearing..Urgent!!!!!!!!

There is no accounting policy for suspense.

What exactly is in suspense needs to be cleared until filing return

So note the amount and Codes input by agents and cross check with existing codes along with those agents account who havent made the deposit.

May b it will help u

Suspense account is for our  convenience  that amount  should somewhere accounted .All amount in suspense acount  should clear before balancesheet  in that F.Y . 

Suspense account will be solve at the time of finalise...

Otherwise it will be treat liability

When I checked a company A/c I found that there was a difference between tally and balance sheet before 3 years ago. then I put difference amount in suspense account for maintain with balance sheet. The difference raised due to share profit that was not possible to change for that year .For that every year in Tally there was a suspense account in lIability side.  So my question is how to solve that or how to rectify in the tally? 

1) Can you please explain " The difference raised due to share profit that was not possiable to change for that year ."

I know that the audit has been done with a suspense account for the neglegency of Accountant and share profit in tally did not change because the stock was maintain there inventory system , If profit have to be changed there will be effect in closing stock. So what should i do now.