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akanksha sharma

akanksha sharma (Querist)
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30 March 2014 plz tell me sir the nature of supense a/c whether it is real personal or nominal?

PRATIK AGRAWAL

PRATIK AGRAWAL (Expert)
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02 April 2014 Nice Question.
I think, there is no legal existence of this account, it is just a temporary account created for Balancing the Accounts which later needs to be rectified once the Actual treatment/reason is Know.
Even you can not show a suspense account in the Balance sheet.

So i believe it is not any of the Account.