Sale of Rs. 400 made to Gautam was correctly entered in the Sales Day Book but wrongly posted to the debit of Ram as Rs. 40:
What is the journal entry to rectify the above error, using a Suspense Account?
1
Suspense A/c Dr. 400 To Ram A/c 40 To Gautam A/c 360
2
Ram A/c Dr. 400 To Gautam A/c 40 To Suspense A/c 360
3
Gautam A/c Dr. 400 Ram A/c Dr. 40 To Suspense A/c 400
4
Gautam A/c Dr. 400 To Ram A/c 40 To Suspense A/c 360