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Rectification of errors

Accountancy

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??

Pooja .

Pooja .

CA Final

★ 210

07-Oct-20 18:20

655

Answers (3)

Sorry correction in above journal Trade receivables a/c Dr To suspense account

Thread Starter

Pooja .

Pooja .

CA Final

★ 210

07-Oct-20 18:21

Thread Starter

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

Prasanth Kumar

Prasanth Kumar

CA Inter

★ 13K+

08-Oct-20 14:34

Thank you

Thread Starter

Pooja .

Pooja .

CA Final

★ 210

08-Oct-20 20:37

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