CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Usage of Suspense Account

A bookkeeper ...

Question

A bookkeeper discovers that an amount paid to a supplier has been wrongly entered in another supplier’s account. Which book of original entry will the bookkeeper use when correcting this error?

A

Purchase Journal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Cash Book

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Purchase Return Journal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Sales return Journal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Cash Book

Cash Book will be used by the bookkeeper use when correcting this error.

Suggest Corrections

thumbs-up

0

Similar questions

Q. If a purchase return of Rs. 1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers account, the total of the _________________.

Q. Return of goods purchased on credit to the suppliers will be entered in _________ journal.

Q. If a purchase return of Rs. 200 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:

Q. If a purchase return of Rs.100 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show the ____________.

Q. Give rectifying journal entries for the following errors:
(a) Sale of goods to Madan ₹ 6,000 were entered in the sales book as ₹ 600.
(b) A credit purchase of ₹ 1,500 from Ajay has been wrongly passed through the sales book.
(c) Repairs to building ₹ 300 were debited to building account.
(d) ₹ 2,050 paid to Rohit is posted to the debit of Mohit's account as ₹ 5,020.
(e) Purchase return book is overcast by ₹ 400.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Rectification of Errors

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Usage of Suspense Account

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon