What will happen If I am not giveing the Suspense accout
while defineing the Set of Books in GL?
Answer Posted / kranthioracle
Nothing happens if u dont enable suspence account in
journal region,
when u create a journal with wrong amounts the system will
post but it show an error#6 in posting status as suspence
unbalance.
so when u enable the suspence account,even though u post
the system will correct the balance and ost with an error.
rent 5000
suspence 1000
to cash 6000.
depending on the nature of account suspence will be
adjusting.
Is This Answer Correct ? | 4 Yes | 0 No |
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