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Unknown credit in bank account

Ankush (Student) (1309 Points)

14 December 2018

what journal entry to pass?

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Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 14 December 2018

bank Dr
To Suspense

Check with bank who had deposited the money in your account. Sometimes customer directly deposits/transfers money to bank account. might be also you must gave recd some dividend.

Ankush (Student) (1309 Points)
Replied 14 December 2018

bank has no info. will suspense account keep showing in final balance sheet at end of year?

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 14 December 2018

can any guess be made as per the text in bank statement. if nothing can be done then show it as other income.

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