A credit sale of rupees 50 has been credited to sales and also to trade recievable account. Rectify
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A journal entry is the business transaction record in the accounting books of an enterprise or a business.
- A suspense account is used by a business when there are unclear entries that need clarification.
- The correct journal entry will be -
- Trade Receivables A/c Dr 100
To Suspense A/c 100
( Being the amount of credit sales wrongly credited to trade receivable account, now rectified)
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