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Magda


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difference as TB and suspence acc
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Hello,
Can someone help me with one practice question?
trial balance faild to agree and the difference of 680 was recorded in the credit side of Suspense Acc.I already have found errors and posted them into the journal.

My question:
Where difference as TB shuld exactly be going in CR or DR side of suspence acc?

I just stard with bookkeeping and in my all i.es. difference as TB is always going in the DR side.



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HendyPhilhendy


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I have to say I am not sure I understand the question?

What system are you using and what is creating the difference. There should never be a difference (although we know it can happen).

Feel free to give me a call or set up a Skype chat hendyphilhendy , I could look at your screen then.

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Phil Hendy, The Accountancy Mentor

Are you thinking of setting up your own practice or have you set up and need some help?

If so a mentor may be the way forward - feel free to get in touch and see how I can assist you. 

 
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