Question

goods purchased rs 250 have been posted to debit of supplier gupta and co​

Answer 1

purchased a/c dr. to Gupta a/c

Answer 2

Explanation:

We should credit the account of gupta and company and dr. the purchases account if we purchase something from them.

But we wrongly recorded the amount in dr. of gupta

so now to rectify it

we will cr. gupta and co. by double amount i.e.500 i.e. to make nil the effect of wrong posting and to make a posting of 250 in cr. of gupta and suspense a/c will stand on dr. side of this entry.