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The suspense account is a general ledger, account that acts as a holding account until, the error is discovered or the unknown, transaction is identified., , Trial Balance Suspense Accounts, , The suspense account is listed on the trial, balance under the Other Assets heading. It, remains there until the reasons for the, imbalance are discovered and corrected. If, your trial balance debits are larger than the, credits, the difference is recorded in the, suspense account as a credit., , Conversely, if the trial balance credits are, larger than the debits, the difference is, recorded in the suspense account as a debit., Once you find the reason for the trial balance, and correct it, the account is closed and, removed from the trial balance.