Question

Credit purchases from Nanak RS.7000 were recorded in Sales Book. However, Nanak's Account was correctly credited. (Note-Create a Suspense Account)​

Answer 1

Answer:

purchase A/c dr.7000

sales A/c dr. 7000

To suspense A/c 14000

Answer 2

Answer:

Particulars                                     Dr.            Cr.

Purchases A/c                  Dr.    7,000  

Sales A/c                          Dr.    7,000  

   To Suspense A/c                                   14,000

(Credit purchases from Nanak recorded in Sales Book)