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Suspense Account

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Suspense Account

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 30, 2015 at 9:06 pm #239597
    Xairie
    Member
    • Topics: 41
    • Replies: 42
    • ☆☆

    Dear sir,
    Many teachers and books right “Bal B/d” to open up a Suspense a/c. Well is it correct to state so, as it is simply a temporary a/c opened till the cause of the difference is found, and then it is ruled off aswell?

    March 31, 2015 at 2:41 pm #239667
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54796
    • ☆☆☆☆☆

    I know what you mean, and you are correct, but what you write is not a problem – it is the numbers themselves that matter.

    (And you cannot be asked to write up the t-account in the exam anyway 🙂 )

    March 31, 2015 at 7:25 pm #239707
    Xairie
    Member
    • Topics: 41
    • Replies: 42
    • ☆☆

    Hahaha.. Right sir.. Thankyou

    March 31, 2015 at 11:02 pm #239725
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54796
    • ☆☆☆☆☆

    You are welcome 🙂

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