Trial Balance - Suspense Account - Class 11 / B.COM / CA Foundation

Here I have explained the concept of Suspense Account and how it is used in accounting,
Previous Video: Trial Balance
• Trial Balance - Concep...
This is for the students of CLASS 11, B.COM, BBA, CA INTER, CMA and any other accounting courses.
Introduction to Accounting - Basics Concepts
• Basic Concept of Accou...
LEDGER Posting with a Simple TECHNIQUE
• LEDGER Posting with a ...
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[@sriramshanmugam1138]

Hi sir , you are explanation is very easy to understand sir . My request to you is to post 'rectification of errors ' and 'bills of exchange' lessons as soon as possible as final exams are gonna start

[@alhassantarawally7904]

Good

[@fainahmakaure3669]

loved every lesson, can we kindly continue from suspense and the following financial statements, so grateful for tis

[@vivaankashyap9326]

Your video really helps me a lot 😊
I never thought that the accountancy would be so easy...

[@wassimanoar5878]

Thanks you so much for this very clear explanation,it simplified the complex suspense account,such a great help for my up coming report about the topic, more power and keep safe 🙂

[@bhagyashree1716]

Perfect teacher ever... Who can understand students doubts/untold difficulties before them telling. Thank you so much😊

[@gydiekikelo8944]

The details are so helpful. Would you please do one on profit or loss and statement of financial position...Will be of great help.

[@sureshpolu2903]

Thank you bro.. we can easily understanding videos and simple concepts..

[@joanagan8752]

Thank you for all your videos I am following everyday.. I working now but still watching your videos, it's great

[@lamiya004]

Thank you sir for explaining us the trial balance ☺️

[@user-jt6fs8yp2g]

The first time I entered in the Accounting lecture at University,I thought may be am in the wrong lecture room,i did not understand anything,but since I started following you.always am having a smiling face during accounting period.THANK YOU,YOUR A GOOD MAN

[@nehadas5950]

You made it so easy to understand..thank you so much sir

[@rajagarwal662]

Please upload more topics so that we can learn the concepts properly.

[@dheenadhayaland875]

Sir your teaching is really very useful. Also I request you to do videos on cash flow and fund flow sir please. It will also be useful.

[@hanmandlakadisarikareddy4007]

Addicted to ur cls .tq so much sir

[@sanjaysawant8798]

Sir your explanation good and easy to understand.my dobut is clear in once watching this video

[@kailashbidave4132]

Dear Sir.Very easy and meaningful explanation.. it is very usefull to me.

[@sheetalpatil4779]

Awaiting your vedios on further topics🥺 please make vedios on financial statement balance sheet and cash flow statement please...

[@Its-me_Arun]

Thanks! Videos are very helpful

[@mohsinahmad5879]

Thank u sir
Much love n Respect

[@dhaaranishamugasundaram5283]

Hi sir it's very useful for other stream students to understand the basics of accounting. Great effort sir. Sir I am a master degree holder and interested in doing CA I don't where to start but after seeing your videos on basics of accounting it was crystal clear. Sir after trial balance you didn't upload financial statements. Sir how to join your academy for accounting and costing.

[@prabishabharati]

Sir , how does suspense acc have debit balance, since credit side is larger isnt it credit balance ?

[@aliakbar9314]

Sir you are a great teacher 👍🏻♥️

[@FixcyJustin-wm7id]

Thank you for the tutorial it very helpful to me.

[@shashinisamarasinghe7120]

Tnq sir.very important 🎉❤

[@kurubabindhu1827]

U r explanation is very nice and very interested sir

[@ahmadwalimayar5712]

Hi sir, thanks for a very clear and simple explanation. I just want to know the list of upcoming videos after this "Trial Balance - Suspense Account - Class 11 / B.COM / CA Foundation". (Next Lesson) for better learning step by step.
Looking for your reply.

[@fiiliafiin5288]

Thanks we are waiting for income statement and Egiuty statement and cash flow

[@ranjitnayakarts778]

What a voice sir ji.👍

[@aarthit7323]

Hi sir. Your every videos are good & easily understandable. Keep doing this.
My request to you is to post videos on whole sale branch system in branch a|c . I don't have clear understanding about this in others videos. Please!

[@ayu_1703]

Does this include adjustment entries and post adjusted trial balances? I need these two topics asap for my exam. Please help where can i find them?

[@dreamlifemusic147]

Sir, I waiting for more videos very passionately

[@richaestherkuriakose409]

Sir this is my first time watching ur video .....thankgod there is a tutor who can teach English coz hindi is so.....ummm t

[@toniaimo6653]

Thanks. Pls do least square method and high and low method am having Acc exam on Friday

[@pushpathv]

Sir make vedios on FM and Tax CA inter no one explain like u ,❤️

[@Godstonks]

Thanks,i was waiting for this video❤️

[@mistified8234]

Why you need trial balance go and read the class group book 😂😂. Sorry if you are hurted

[@Godstonks]

@@mistified8234 but im a commerce student 😕

[@mistified8234]

@@Godstonks i mean you are garou and read about the class rank superhero book to hunt them 😂

[@Godstonks]

@@mistified8234 only 2 hero can overpower me 🤕

[@windome4723]

Sir your videos are amazing and I love the way you teach literally your videos were very helpful in this hard situation of pandemic . I request you to make a vedio on depreciation also .

[@SahebAcademy]

#1 Depreciation - Concept & Accounting Treatment
czcams.com/video/pacSuiRu_hM/video.html

[@yashmalulalwani8067]

Perfect teacher ever. Gbu

[@targetwithsumit2023]

Clear and understanding video. but sir also requests pls try to to make understand withjournal entry

[@Ayushkumar-qd6gn]

thanks sir for your help

[@youniqueexperiment7724]

Superb explained

[@yogeshpandita001]

Need financial statements video desperately

[@Akshatawadi]

Ur class is very interesting sir

[@abdikadirjamaaideed9173]

Thank u for the lessons

[@adithyanmanojc2617]

Sir I asking a dought how to prepare Trial balance with journal entries problem

[@trustembrace7622]

Thanks sir this is great

[@rahabwanjiku2729]

Many thanks 😊

[@samirshaikh4570]

when will you make video of balance sheet and profit & loss account?

[@therateofspeed]

Hi Sir, where can i find depreciation and rectification of error videos from your library. i tried and found there is no related videos, please help

[@SahebAcademy]

#1 Rectification of Errors - Concept
czcams.com/video/ZcEVa32j0Q0/video.html

[@user-gh7oi1xk5g]

How your english is soo perfect😊

[@CFA786]

Thanks for blogs at "charter finance accounts"

[@meetshah9796]

I want to know one thing. I am new to Accountancy and Book Keeping.
Expense account has debit balance. How can we say that the Suspense account is an Asset without knowing the nature of the said transaction/s missed/erred during doing the accounts? It may have been an expense too, right?

[@keepclean4033]

It doesn't matter you just make up the side that has the short fall. You find out the error after.

[@MuSkAN_S.K]

Sir i have a question .. in TB we show closing balances of respective accounts. The question is will suspense account have closing balance too or it will have opening balance ??

[@janani1602]

Sir Please make for Financial Statements- T&P&L A/c, BS, CF, SOCIE

[@pushkarrawat5601]

Hello sir
We know suspense account can either real, personal and nominal account so why we consider it an asset or real account ? Plz reply

[@rajagarwal662]

Sir yr videos are amazing

[@manasan415]

Hi brother, Can you please make a video on classification between capital expenditure and revenue expenditure. Kind request ☺️

[@jasonaugustine6654]

Yes please bro

[@divyamuthukumar6297]

Purchase of machine , building is a capital expenditure .
Payment of electricity bills, rent is a revenue expenditure

[@manasan415]

@@divyamuthukumar6297 But that wasn't detail though. Moreover I have got some basic knowledge about that chapter but not fully. And that's the reason why I requested him to elaborate on that topic. But thanks.

[@yusrayahya6283]

Sir how can we use suspense acc in making T account in pp

[@aqrox.]

I wish my accounting teacher was as good as you

[@JosephMukalamba-jp1it]

Awesome lesson

[@zareenabanu1733]

👍🏻👍🏻👍🏻👍🏻

[@ektabharti3387]

Sir please make videos on p&l , balance sheet and cash flow statement.

[@suleimanmeimunatu4226]

Wonderful video

[@sridharalaramya8261]

Hello sir please explain accounting standards .

[@krushnagarud1166]

4:48 why we do consider it as an Asset and not any expense?
please explain...

[@RajivKumar-tz1cl]

I also have same query. Also if it's credit account then why only liability why not equity or revenue ?

[@_sabanaN]

Becoz asset is opposite to liability...when dr. Balance occurs it goes to asset and in cr. It goes to liability

[@yogeshpandita001]

Sir please upload on financial stamens.. profit and loss account and balance sheet please please please

[@himanjain4354]

Very nice session sir 🙏🙏

[@AhinJoy]

Thank you sir

[@thebongpianist35]

Awesome work... Waiting for the next video... Interested to understand the different Financial Statements

[@bhanupriya4021]

Is suspence account is on debit side it is recognized as asset whereas if it is on credit side it is considered as liability... Can someone tell me the reason behind this?

[@prajayaglobalenterprises9581]

good sessions for non account people

[@sreesiva2597]

Please do videos for income tax law and practice in b.com 3 rd year....

[@Dhruv___07]

Sir ,opening stock is recorded in trial balance but why closing stock is not recorded in trial balance ?

[@prernajoshi4928]

What we can do of dis rec and dis allowed in trial balance, you should take the previous example which you have taken in ledger posting ,

[@theraytracer2085]

Plzz do the rest topics like profit and loss statement..

[@jasonaugustine6654]

Yes yes

[@kavya3830]

Superb💚

[@user-fs6pv7mq9i]

❤

[@Munazadilawar]

Plz sir financial statements wale lectures bhi jaldi se post krden exams age han or accounting ap k allawa kahi se samaj nhi ati plz 2 weeks k bad papers han

[@ansarnaeem4233]

Hi Sir, plz tell make video about final accounts income statement and balance sheet

[@nagarajithavejju9736]

Tell about of auditing subject

[@YoutubeCreator123]

Can You please post a video on financial statements

[@user-er2fr4dd9y]

Waiting for rectification of errrors, self balancing ledger etc...

[@ismailhassan6924]

👍

[@Karrmohamed1998]

Thanks

[@theraytracer2085]

Balance sheet also plzz upload that.

[@jayeshluthra1190]

Please Make class 12th videos also!

[@akhilnani99]

👍♥️👍

[@someesingh6369]

Plz plz do cost element:overhead(B.B.A) plz i am waiting for this video plz upload this video as soon as possible plz

[@Deepika-ze9bz]

Sir can u do some problems on final accounts 1 & 2...

[@siddharthpatel1065]

Hy sir plz make a video for Balance sheet and P&L account

[@gauravsah2061]

Sir yeh hire purchase ke andar kaa topic hai na

[@chaitrasurabi8569]

Please do cash flow

[@nithinmenezes1609]

Hello Sir, Can Plz explain IFRS subject

[@anakhalv6361]

Sir, if the suspense amount is on the credit side ,then why can't it be a revenue or an equity instead of liability? All of those have credit balance!

[@SahebAcademy]

If the final accounts are closed and suspense account balance is still not cleared then suspense account has to be taken to balance sheet so it has to be either an asset or liability.
If it has
Dr. Balance - Asset
Cr. Balance - Liability
But that doesn’t mean the errors are in asset or liability.
Errors can exist anywhere in any sort of account.

[@SahebAcademy]

To carry the balance forward in next year we have to classify it either as an asset or liability so it can be taken into balance sheet.

[@SahebAcademy]

It cannot be revenue or expense because these sort of accounts are never taken to Balance Sheet
and It also cannot be classified as equity or capital because it doesn't fit with the definition.
So we are only left with two options
Dr. Balance - Asset
Cr. Balance - Liability

[@ngathawambui3237]

Any example of a suspense A/C

[@trustembrace7622]

Waiting for financial statement

[@adityapasi363]

Sir app cma foundation ka bhi padhta ho kya 🤔please reply sir 🤔

[@basuceectz2161]

Please make profit and loss account....

[@coremate]

Hi brother i love the way u teaching with clarification...please make a compleat video of trading a/c and p/l a/c with some mejor adjustment before date 6/2/21 as my exam concerned...it ll very helpful to me ...u are awesome

[@divyamuthukumar6297]

Make videos on final accounts..👍👍

[@bukibiyemi3573]

@@divyamuthukumar6297 l m

[@gunasagar9155]

Hi sir u can start coaching classes for SAP FICO sir

[@skyland72001]

Plz upload profit and loss alc and balance sheet