Answer Posted / nitesh kumar

ALL ASSETS ARE DEBIT OR LIABILITIES ARE CREDIT SO

LAND A/C......................DR 75,000
SUSPENSE A/C..................DR 20,00,000

TO CAPITAL A/C 20,00,000
TO S.CREDITORS A/C 75,000

while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

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