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Suspense a/c

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(Querist)
24 June 2016 SIR
I HAVE SOME SUSPENCE IN PROPRITOR FIRM A/C. CAN I TRANSFER THIS SUSPENSE AMOUNT IN PROPRITOR CAPITAL A/C.
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2016 pls trace out what nature of amount you have in the books of accounts.
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JITENDRA

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JITENDRA (Querist)
24 June 2016 RECEIPT IN BANK BY (RTGS)
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Jaymin Sabhaya

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Jaymin Sabhaya (Expert)
24 June 2016 Dear Sir,
If you do not find the source of receipt then it is advisable to offered as Income, instead of taking it to capital account.
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2016 you can easily know from bank from where and name of a/c who tfr the that amount in your account. then you can pass the appropriate entry in your books of accounts.

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