Accountancy Forum
treatment of suspense account - Printable Version

+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7)
+--- Thread: treatment of suspense account (/showthread.php?tid=1324)



treatment of suspense account - mobasher - 11-28-2004

I know the nature of suspense account but the real question lies why is it transfer to balancesheet.




- KJK - 12-01-2004

It is transferred to balance sheet only when it is not being adjusted in any of the account or the error is too trivial that cannot be discovered