hello frnds
i have a doubt.
in trial balance all generel ledger a/c's will be there and if TB doesn't tally we temporarily tally it by posting the amount 2 suspense A/c....that suspense a/c can be a asset/liability/income/expense a/c.......if after posting amt 2 suspense a/c,we get profit and later on we cum 2 knw dat the suspense a/c was actually a asset/liability/income/expense a/c..........does there is any impact on profit & loss a/c?if yes what impact and what steps are 2 b taken?...........thanx in advance and let me knw if u dint understood my question?..........reply soon
CAclubindia
