Unknown credit in bank account
Ankush (Student) (1369 Points)
14 December 2018
what journal entry to pass?
3 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 14 December 2018
bank Dr
To Suspense
Check with bank who had deposited the money in your account. Sometimes customer directly deposits/transfers money to bank account. might be also you must gave recd some dividend.
To Suspense
Check with bank who had deposited the money in your account. Sometimes customer directly deposits/transfers money to bank account. might be also you must gave recd some dividend.
Ankush
(Student)
(1369 Points)
Replied 14 December 2018
bank has no info. will suspense account keep showing in final balance sheet at end of year?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 14 December 2018
can any guess be made as per the text in bank statement. if nothing can be done then show it as other income.
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