trial balance and suspense account – quick question

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March 29, 2015 at 7:38 pm #239449
Anonymous
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If a trail balance is less on the debit side by say $100 than the credit side then why is the opening balance on the suspense account also a debit? i thought it would be a credit?
March 29, 2015 at 8:36 pm #239464
John Moffat
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The suspense account is an ‘artificial’ account to make the TB balance.

If the debits are lower then the credits, then we need an extra debit to make it balance.

(You might find the free lecture on suspense accounts useful).
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