suspense account

taskey

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

AK002

If your suspense is a credit you will need to Dr the suspense account (bringing in to 0) and Credit the correcting entry..

taskey

that is what i thought, thanks

was just a bit confused.com

tracy

mark130273

taskey wrote: »

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 !

taskey

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

Tracy