Skip to content

Ask the Tutor ACCA FA

Suspense accounts

AAbror10y ago
Good evening Mr John..Does undercasting the sales day book by 100 cause any dr cr errors.. I think no...Because if sales book is 100 lower then debit side of receivable will be 100 lower too.. Total of sales go to sales account on credit side and debit side of receivables account...
John MoffatJohn MoffatTutor10y ago#1
It does not affect the trial balance balancing, because the debits will be equal to the credits (and therefore does not affect the suspense account). However obviously receivables and sales will both need correcting.
Sign into reply to this topic.