pass the following entries in BPTB, APTB and APFA stages: Good returned to suppliers Rs.800 included in Return Inward account as Rs.8000

Dear Student

 

Journal
Date	Particulars		Debit	Credit
	After Preparation of trial Balance
	Suspense A/c	Dr.	8,800
	To Return Outward A/c			800
	To Return Inward A/c			8,000
	(Being error rectified)
	After Preparation of Final accounts
	Suspense A/c	Dr.	8,800
	To Profit and Loss Adjustment A/c			8,800

Before Preparation of the trial balance, Error is rectified by ledger accounts only without passing journal entry.

Good returned to suppliers Rs.800 included in Return Inward account as Rs.8000, means it was wrongly credited in Return Inward Account and so it would be rectified as follows.
Return Inward A/c

Particulars	Amount	Particulars	Amount
		Error in Posting	8,000

Return Outward A/c

Particulars	Amount	Particulars	Amount
		Supplier A/c	800

Regards