Suspense account

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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March 18, 2021 at 7:21 am #614653
live
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Undercasting of payment side of cash book doesnot effect the double entry accounts ??
March 18, 2021 at 8:56 am #614659
John Moffat
Keymaster
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The double entries will still be correct, but the balance on the account will be wrong and therefore the trial balance will not balance (which will create the need for a suspense account).
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