A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located:
A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located:
(i) Goods worth ₹ 200 purchased from Sohan had been posted to his account as ₹ 250.
(ii) A purchase of furniture for ₹ 500 was recorded in the Purchases Book.
(iii) Instead of crediting Gian’s Account with ₹ 512, it was debited with ₹ 215.
(iv) Goods worth ₹ 130 returned by Gian were entered in the Sales Book and posted therefrom to the credit of Gian’s Personal Account.
Pass the rectifying entries and prepare a Suspense Account.
Anurag Pathak Changed status to publish October 1, 2023
Solution:-
dfd
Suspense A/c
| Particulars | ₹ | Particulars | ₹ |
| To Gian’s A/c | 727 | By Balance B/d By Sohan A/c By Sales Return A/c By Sales A/c | 417 50 130 130 |
| 727 | 727 |
Anurag Pathak Changed status to publish October 1, 2023
