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    aswart's Avatar
    aswart Posts: 1, Reputation: 1
    New Member

    Apr 21, 2014, 07:07 AM
    Suspense account (unknown deposits)
    I'm investigating the trust creditors' ledger of a firm. The trust creditors' ledger of the firm has a suspense account (for unknown depositos). I found out that the one unknown deposit was actually by a Mr G (R210 000)and the other one by a Mrs J (R95 000). In the suspense account a Journal transfer is indicated to the account of Mr G (R210 000 debited) and a ''trust transfer for fees'' R95 000 (debited) in respect of Mrs J. Is this regular or correct OR is this irregular or incorrect?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977

    Apr 21, 2014, 08:38 AM
    If this investigation is "above your pay-grade", I suggest you refer it to an accountant who knows what he or she is doing. What, by the way, is a "trust-creditor's ledger", and who are you doing this for, the creditor?

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