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Question
The following error were located after the preparation of the trial balance. Pass journal entries to rectify them. Assume that there exists a suspense account.
The total of the discount column on the debit side of cash book ₹ 420 was not posted.
Solution
| Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Discount allowed A/c Dr. To Suspense A/c (Omission entry now recorded and rectified) |
420 |
420 |
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