Suspense Account
The suspense account is a temporary account used to record transactions that cannot be immediately classified or allocated to specific accounts. It is commonly used when there is uncertainty or discrepancy in the accounting records. The suspense account acts as a holding account until the appropriate classification or allocation is determined.

Debit Balance of Suspense Account
When there is a debit balance in the suspense account, it indicates that there are more debits than credits recorded in the account. This means that the total amount of debits exceeds the total amount of credits. The debit balance represents the unresolved or unclassified transactions that need further investigation or correction.

Credit Balance of Suspense Account
On the other hand, when there is a credit balance in the suspense account, it means that there are more credits than debits recorded in the account. This implies that the total amount of credits exceeds the total amount of debits. The credit balance represents the unresolved or unclassified transactions that need to be investigated or corrected.

Placement of Debit and Credit Balance on the Balance Sheet
The balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time. It is presented in a specific format, with assets listed on the left side and liabilities and equity listed on the right side.

When there is a debit balance in the suspense account, it represents unresolved or unclassified transactions that affect the assets of the company. Therefore, the debit balance of the suspense account will be placed on the assets side of the balance sheet.

Conversely, when there is a credit balance in the suspense account, it represents unresolved or unclassified transactions that affect the liabilities or equity of the company. Therefore, the credit balance of the suspense account will be placed on the liabilities side of the balance sheet.

Conclusion
In summary, the debit balance of the suspense account will be placed on the assets side of the balance sheet, while the credit balance of the suspense account will be placed on the liabilities side of the balance sheet. The placement depends on whether the unclassified transactions affect the assets or liabilities/equity of the company. The suspense account acts as a temporary holding account until the appropriate classification or allocation is determined for these transactions.

Assets , libilities