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Question
The accountant of a firm located the following error after preparing the trial balance. Rectify them assuming that there is a suspense account.
Interest received ₹ 200 was credited to the commission account.
Solution
| Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Commission A/c Dr. To Interest received A/c (Wrong credit rectified) |
200 |
200 |
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