I was testing by Assuming that fund as capital to start business deposited and bank account and entry passed as
Dr. Bank
Cr. Capital
But in summery it show in bank but credit side showed as suspense any idea
I was testing by Assuming that fund as capital to start business deposited and bank account and entry passed as
Dr. Bank
Cr. Capital
But in summery it show in bank but credit side showed as suspense any idea
You haven’t provided enough information to determine the problem. Most likely, you did not adequately specify the capital account. You need to specify both the member and the subaccount (in this case, Funds contributed). Be sure to read this Guide: Set up and use capital accounts | Manager.