Credit side of Trial balance was short by rupees 5000It was found that Purchases Day Book was overcast by Rupees14000 & Sales A/c was overcast by rupees 2000 Show impact on Suspense A/c
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Credit side of Trial balance was short by rupees 5000It was found that Purchases Day Book was overcast by Rupees14000 & Sales A/c was overcast by rupees 2000 Show impact on Suspense A/c
Suspense account has a credit balance of 5,000Quote:
Originally Posted by dineshpatel
Overstated purchases will be corrected (assuming no control account for purchase ledger):
Debit Suspense 14,000
Credit Purchases 14,000
Suspense will now have a debit of 9,000
Overcast in sales will be corrected by:
Debit sales 2,000
Credit suspense 2,000
Suspense account will now have a debit of 7,000
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