Question

purchases from z, for ₹40000 has been posted to wrong side of his account.
Rectify this
(No Scam) ​

Answer 1

Answer:

Suspense A/c ...Dr 80,000

• To z 80,000

Explanation:

According to given statement, the goods purchased from z has been posted to wrong side of his account and we have to write rectification entry.

We will credit z by double amount. (one to nullify the previous wrong posting and another for crediting z as z is our creditor.)

The A/c to be debited is suspense. Therefore debited to suspense A/c.