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Question

Rs. 580 received from Shyam were posted to his account as Rs. 850. To rectify this error, suspense account shall be ___ With Rs ___ .


A

Debited with Rs 270

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B

Credited with Rs 270

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C

Credited with Rs 580

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D

Debited with Rs 580

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Solution

The correct option is B

Credited with Rs 270


It means Shyam's Account is to be debited with Rs. 270 & suspense account is to be credited with Rs 270.


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