Goods purchased from Ravi on credit for Rs 450 has been recorded as for Rs 540. To rectify the same, which account shall be debited by Rs 90 ?

Suspense Account

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Ravi`s Account

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Purchases Account

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Sales account

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Solution

The correct option is B
Ravi`s Account

An excess credit of RS 90 has been given to Ravi which shall be rectified by debiting his account.

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Goods purchased from Ravi on credit for Rs 450 has been recorded as for Rs 540. To rectify the same, which account shall be debited by Rs 90 ?

The correct option is B Ravi`s Account An excess credit of RS 90 has been given to Ravi which shall be rectified by debiting his account.

The correct option is B
Ravi`s Account

An excess credit of RS 90 has been given to Ravi which shall be rectified by debiting his account.