You are presented with a Trial Balance showing a difference which has been carried to the Suspense Account and the following errors are subsequently identified
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The following mistakes were identified in the books of a firm after its books were closed and a Suspense Account was opened in order to match Trial Balance:
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The Trial Balance of a bookkeeper shows an excess of debits over credits by ₹ 261. This difference is placed in a Suspense Account to facilitate books closure
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A book keeper failed to balance his Trial Balance, the credit side exceeding the debit side by ₹ 175. This amount was entered in a Suspense Account
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The Trial Balance of Rajesh did not agree and the difference in books was carried to a Suspense Account
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There was an error in the Trial Balance of Ram Gopal on 31st March, 2022, and the differnece in books was carried to the Suspense Account. On going through the books, you find that:
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Pass Rectifying Journal entries: Sale of goods to Raja Ram for ₹ 2,500 was passed through the Purchases Book.
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Rectify the following errors: Wages paid for the construction of office debited to the Wages Account ₹ 6,000.
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Rectify the following errors: A credit sale of old furniture to Gaurav for ₹ 5,000 omitted to be posted.
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Pass rectifying Journal entries: Cheque of ₹ 25,000 paid to K. Raj was debited to P. Raj’s Account
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