Suspense account help

Hi, I need a bit of help with creating suspense accounts. I dont know when it should be debited or credited. I always end up doing it the other way round. and its confusing me
For example a bank payment of £68 for vehicle expenses has been recorded as 86 in vehicle expenses..i would've just debited £18 but you debit 86 and credit 68, like how do you know whats debited and credited?

Thank you

The easiest way to approach would be to write out atable with the following columns

Do have adjustment should have

Fill in the do have and should have columns (make debits negative and credits positive) and you'll get the correct adjustment.

What they've done is reverse the incorrect entry and enter the correct one.

The downside of correcting the difference is the line in the nominal is not clear making it difficult to follow, once it gets contaminated with lots of such errors it becomes a mess.

The simple approach is reverse the original error and input the correct entry.

So in your case they initially posted

Dr MRE 86
Cr Bank 86

So you reverse by

Dr Bank 86
Cr MRE 86

We are now back at position before anything entered/posted

Now enter correctly

Dr MRE 68
Credit Bank 68

Any you also have a perfect example here of the rule of 9, where two adjoining digits have been transposed (86/68)the difference is always divisible by 9.

Thanks for the reply.
Sorry but what do you mean by do have adjustments should have?



Thank you for the reply
Just in general how would you know what side to debit and what to credit when making a suspense account? Would it just be the opposite of what you'd do to the account?