Question

06. ABC Ltd nominated accountant on 13-1- 2006 and he discovered errors of the previous year and
following facts were discovered.
( An invoice for * 995 for goods purchased from Rathod was entered in Sales Returns Book
(ii) A cash Discount of 89 allowed to M. Raval remained un-posted to his account.
(iii) A machine purchased on 19 January, 2003 for 54,890 ( on which SLM-15% depreciation
had been written off for the two years 2003 and 2004) had been sold on 1" July, 2005 for
34,500 but the sale was entered in the Sales Day Book.
(iv) A machine, book value * 17.500 was sold on credit to Ram for 15.700. The amount was
posted to the credit of Sita
The closing stock sheets for 2005 were found to be totaled 19.750 in excess.
(vi) The income tax paid on behalf of the proprietor, * 12.340 was debited to Income Tax
Account as 43,210
(vii) Suspense account has debit balance of 441.
From the above information make rectification journal entries and create suspense account.
Note that profit of 2006 shouldn't be affected.
(12 Marks)​

Answer 1

Answer:

can you please tell me which sub is it