Rectification

Accountancy

One item of purchase of â?¹ 25 has been posted from the day book to ledger as â?¹ 250. Then in trial balance purchase will have 250 debit bal and the supplier will have 25 credit bal and we will have a suspense account having credit bal of 225 So when we rectify I thought it should be Suspense account dr â?¹ 225 To purchase account â?¹ 225 But the answer in the book is Supplier a/c dr â?¹ 225 Suspense a/c â?¹ 225 Please help me to correct

lithish kumar

CA Final

★ 3K+

25-May-20 17:13

1K+

Answers (1)

Once you post 250 in day book, the creditor account is credited by 250. Posting in ledgers happen from day book.

CA Suraj Lakhotia

Admin

25-May-20 18:00