The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account. Pass the entries required to rectify the following errors which accounted for the difference. Also, prepare the Suspense Account:

(i) A Sales Invoice for ₹ 1,000 for goods sold on credit to Mr. Robert was entered in the Purchases Book but in the Ledger, the amount was correctly debited to the account of Mr. Robert.

(ii) Goods purchased on credit from Babu Ram for ₹ 1,500 were wrongly debited to his account as ₹ 5,100.

(iii) An amount of ₹ 275 was posted as ₹ 325 to the debit side of the Commission Account.

(iv) Sales Book for the month of April was undercasted by ₹ 100.

(v) ₹ 460 paid for building repairs was debited to the Building Account as ₹ 640.

[Suspense Account opened with a credit of ₹ 8,930.]

Anurag Pathak Changed status to publish October 1, 2023
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