Suspense account accounting policy

1164 views 17 replies

Guest

Take the last audited balance sheet and start with its opening balances and finalize the current period balance sheet. I hope the last balance sheet has no suspense account in it.

ABHIJIT MANNA

ACCOUNTANT

447 Points Joined July 2016

I know sir but how to rectify in tally, how to remove or rectify suspense account in tally?

Guest

does every other ledgers' opening balances match with the opening balance sheet? there must be some ledger having difference equal to the suspense account balance. Unless one has to see the tally data to correct it. Discussing here will not help.