how to pass entries for suspense account?

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how to pass entries for suspense account? ..

Answer / p

suspense a/c ...... dr
TO Bank\cash

Is This Answer Correct ?    52 Yes 20 No

how to pass entries for suspense account? ..

Answer / rituraj

Mostly suspense account is made whenever there is a loss of
any accounting information. Say for a purchase entry on the
cash book has been posted and no entry and the information
of Purchase is omitted then

Purchase A/c Dr.
To Suspense A/c

then it is adjusted in Profit and loss adjustment a/c

Is This Answer Correct ?    29 Yes 7 No

how to pass entries for suspense account? ..

Answer / vasudeva

As every journal entry has two aspect debit and credit, if
any information is not avaialbe on one side of aspect then
suspens account can be recorded. if debit side no
information debit suspens ac or if credit side no
informatio credit suspens ac.

Is This Answer Correct ?    26 Yes 6 No

how to pass entries for suspense account? ..

Answer / sangeetha g

Suspense means unknown transaction. For exp, we have
received wire transfer without clear description, it means
unknow payment received from customer (unknown customer)

So the entry would be:
Bank Dr. *****
To suspenses account ******

Is This Answer Correct ?    28 Yes 10 No

how to pass entries for suspense account? ..

Answer / abilasha

Suspance account means the receipt or payment is nor provide the details of party or company name on that time we will record the suspance a/c. The entry is in a bank statement without name one party deposit the amount to account on that time entry is
Suspance A/c ......dr
To.bank A/c.....Cr


Like this........ K.... this my opinion by experience

Is This Answer Correct ?    16 Yes 7 No

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