Help!! Suspense Account!
sazzle01
Registered Posts: 25 Regular contributor ⭐
Hi Guys,
Can anyone help, i go over and over suspense accounts and i am
confusing myself!
I am doing past paper FRa June 2006 and task 2.1 with the adjustments
I am confused on question e of the data,i can see the answer but just
getting baffled to how they got this!!!
As in the suspense account, does this not have to be cleared after the
adjustment is made? and another silly question with the suspense
account can it be either a dr or cr???
Thanks guys any help will be greatly apreciated :crying:
Can anyone help, i go over and over suspense accounts and i am
confusing myself!
I am doing past paper FRa June 2006 and task 2.1 with the adjustments
I am confused on question e of the data,i can see the answer but just
getting baffled to how they got this!!!
As in the suspense account, does this not have to be cleared after the
adjustment is made? and another silly question with the suspense
account can it be either a dr or cr???
Thanks guys any help will be greatly apreciated :crying:
0
Comments
-
Hi Guys,
Can anyone help, i go over and over suspense accounts and i am
confusing myself!
I am doing past paper FRa June 2006 and task 2.1 with the adjustments
I am confused on question e of the data,i can see the answer but just
getting baffled to how they got this!!!
As in the suspense account, does this not have to be cleared after the
adjustment is made? and another silly question with the suspense
account can it be either a dr or cr???
Thanks guys any help will be greatly apreciated :crying:
A Suspence account will show on which ever side of the TB is out, the adjustments made will equal to the suspence account therefore clearing it.0 -
Thanks ill have another go ;-)0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership