rectify the following errors. (a) the return inward book has been overcast by rs 200
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suspence a/c dr. 200
to sales return a/c 200
to sales return a/c 200
Answered by
12
Suspense a/c. Dr. 200
To sales return a/c. 200
Because in journal, sales return has a debit balance and so to correct the overcasting, it should be credited to nullify the wrong effect....
Hope this satisfies you
To sales return a/c. 200
Because in journal, sales return has a debit balance and so to correct the overcasting, it should be credited to nullify the wrong effect....
Hope this satisfies you
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