CA Foundation doubt
false
What will the last entry for suspens and p&l adjustment account when we make ROE after financial year
Asked by Krish20 Jun 2024348 views
7 answers
Kaashvi · 20 Jun 2024
Write off both accounts with capital account
Saurabh · 20 Jun 2024
Balance of suspense account adjusted in trial balance
Krish · 20 Jun 2024
@aditya then where the balance of suspense will adjusted
Krish · 20 Jun 2024
Is there any entry for suspens and p&l adjustment account after doing all the rectification entry
Aditya · 20 Jun 2024
If you made ROE, then there will be no balance in suspense a/c
Krish · 20 Jun 2024
Yes but I m asking about after doing all entries
Ankit · 20 Jun 2024
suspense a/c will not get affected, we will just replace nominal a/c with p/l adjustment a/c!!
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