Rectification of Errors

General Accounting Principles

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Total of returns inwards book for april has been cast Rs. 2000 short

Suspense a/c dr 2000
To return inwards 2000

return inwards a/c dr 2000
To Suspense 2000

return inwards /c dr 2000
To debtor 2000

None of the above

Explanation:

Return inwards is basically sales return which shall be debited and is under cast so it has to be debited more and other part of the journal is not known hence suspense account has to be opened up

By: Munesh Kumari

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