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What will happen If I am not giveing the Suspense accout
while defineing the Set of Books in GL?
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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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