Home › Forums › ACCA Forums › ACCA FA Financial Accounting Forums (FIA FFA Forums) › The suspense account
today, when l was doing the exercises l met such a strange situation
in revision kit
a gas bill(dr)of 420$ had been recorded in the gas account as 240$
the suspense account is created in credit side
a cheque(dr) for 19000$ received from a customer was correctly entered in the cash book but was posted to the control account as 9100$
the suspense account is created in debit side(according to revision kit)
both are essentially the same but differently resolved
Please do not post the same question in two different forums – it is just silly.
I have answered your other post with this question.
The topic ‘The suspense account’ is closed to new replies.