Accounting · Suspense Account and Rectification
When a trial balance fails to agree, the difference is temporarily placed in a Suspense Account. If a credit purchase of ₹8,000 from M/s Gupta & Sons was correctly entered in the Purchases Book but was posted to the debit of their account in the Ledger, how will the Suspense Account be affected during rectification?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Suspense Account will be credited with ₹8,000
- 2Suspense Account will be debited with ₹16,000✓
- 3Suspense Account will be credited with ₹16,000
- 4Suspense Account will be debited with ₹8,000
Correct answer
Suspense Account will be debited with ₹16,000
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