An accountant of a firm found that his Trial Balance was out (excess credit) by ₹ 742. He placed the amount in a Suspense Account and Subsequently found the following errors:
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The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account
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Rectify the following errors found in the books of Bheem. Trial Balance had ₹ 930 excess credit. The difference has been posted to a Suspense Account:
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The accountant of a firm finds that the Trial Balance as on 31st March, 2023 is out by an excess debit of ₹ 283. He placed the amount in the Suspense Account
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There was an error in the Trial Balance of Ram Gopal on 31st March, 2023 and the difference in books was carried to the Suspense Account
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Rajesh drew a Trial Balance for the year ended 31st March, 2023, There was a difference which he closed through Suspense Account
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The Trial Balance of M/s Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Account on 31st March, 2003, this difference is placed in a Suspense Account.
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There was a difference of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Supense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:
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A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located:
Solution:- 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 dfd
There was a difference in the Trial Balance of M/s Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account.
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