Help!! Suspense Account!

sazzle01

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-Vic

sazzle01 wrote: »

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.

sazzle01

Thanks ill have another go ;-)