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)
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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.
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