suspense account
taskey
Registered Posts: 1,800 Beyond epic contributor ๐งโโ๏ธ
ok, bit stuck. having a blond moment
if my suspense account is in a credit - do i need debit entries on the adjustments on a trial balance to correct it?
i am re-reading old stuff and i cannot find the answer what i am looking for.
Cheers Tracy
if my suspense account is in a credit - do i need debit entries on the adjustments on a trial balance to correct it?
i am re-reading old stuff and i cannot find the answer what i am looking for.
Cheers Tracy
0
Comments
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If your suspense is a credit you will need to Dr the suspense account (bringing in to 0) and Credit the correcting entry..1
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that is what i thought, thanks
was just a bit confused.com
tracy0 -
that is what i thought, thanks
was just a bit confused.com
tracy
i find that sometime....the most simple things just completly slip your mind....than about 2 hours later when your not thinking about it ......pop...straight in your head and the lightbulb lights up like a big christmas tree !0 -
it feels like that sometimes, i also think when you have something set in your mind you cannot see the logical way it should be.
Thanks again
Tracy0
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