Rectification of errors
Question no.6 Trade payables a/c Dr To suspense account ( Above journal is Book answer) Why can't we credit Mr.Q instead of crediting suspense account??
Sorry correction in above journal Trade receivables a/c Dr To suspense account
In the question it is saud that Q is a receivable balance You should either debit Mr Q or trade receivables( showing combinedly all receivables) If you credit mr q it means you should pay to q