if journal entry is written correct but debited in both accounts in ledger.
e.g.
Cash a/c Dr.
To Sales a/c
but both accounts debited in ledger.
how to correct (rectification)
Menu
Rectification of Error
Replies (4)
Sales account gets credited in ledger.
Are yo using any software?
suspense dr.
To sales.
To sales.
how to close the suspense account
since both accounts are debited therefore trail balance will not tallied and credit side will be less than debit side so we have to open suspense account and when we pass journal entry
Suspense Dr
To Sales
then suspense account will automatically closed.
Suspense Dr
To Sales
then suspense account will automatically closed.
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
