Question

General expenses INR 180 was posted in the General Ledger as INR 810.

Answer 1

A journal entry is the record of all the transactions of a business in the accounting books of the business.

• if the General expenses INR 180 was posted in the General Ledger as INR 810, the correct journal entry will be -

• Suspense Account Dr 630

          To P/L Adjustment A/c 630

        ( Being the correction made by which general expense of 180 was      posted as 810)

• Working Notes - Rs 810 - 180

        Adjusted amount = 630.