Question

Salary paid to manager Rs 6,000 was

debited to manager's account as Rs
66,000. In the rectification entry,
Suspense A/c will be debited with:
O Rs. 54,000
O Rs. 72,000
O Rs. 60,000
O Rs.6000​

Answer 1

In accounting, a rectification entry is made to correct errors in the accounts. In this case, the Suspense Account will be debited with Rs. 54,000 to rectify the error of wrongly debiting the manager's account.

Step-by-step explanation:

In this question, the salary paid to the manager was wrongly debited as Rs. 66,000 instead of Rs. 6,000.

To rectify this error, we need to adjust the entries in the accounts. The correct entry would be to debit the Manager's Account with Rs. 6,000 and credit the Suspense Account with Rs. 60,000.

The Suspense Account is used to temporarily hold entries when there are errors or discrepancies in the accounts until they can be rectified. In this case, the excess amount of Rs. 54,000 from the wrong entry is being debited to the Suspense Account to balance the books.