rs. 1000 being purchases return were posted to debit of purchase account
tani69:
please help me with this question!!guys
Answers
Answered by
18
Answer:
cash. ac. dr. 2000
To p/r. ac 1000
To purchase ac. 1000
Answered by
1
Answer:
The above answer is wrong
we will be making use of suspense account here
Suspense Ac Dr 2000
To Purchases. 1000
To Purchases Return. 1000
Explanation
Purchases was debited by 1000 to nullify it as it is the wrong account, we credit it by 1000 and purchase return always gets credited so here it is credited by 1000
We do not which account to write in debit so we write suspense account
Pls mark me brainiest
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