Question

(2) macfam * 2,000 amp ud 49 5,000
F T NO
Rectify the following errors assuming that a suspense account was opened.
Ascertain the difference in trial balance.
(a) Credit sales to Mohan 7,000 were posted to the credit of his account.
(b) Credit purchases from Rohan 9,000 were posted to the debit of his accounts
76,000.
(c) Goods returned to Rakesh 4,000 were posted to the credit of his account
(d) Goods returned from Mahesh 1,000 were posted to the debit of his account
72.000.
(e) Cash sales ? 2,000 were posted to the debit of sales account as 5,000.​

Answer 1

Explanation:

A.Mohan A/c. Dr. 14000

To sales A/c. 7000

To suspance A/c. 7000

B.Purchase A/c. Dr. 9000

Suspance A/c. Dr. 9000

To Rohan A/c. 18000

C.Return inward A/c Dr. 4000

To suspance A/c. 4000

D.Mahesh A/c Dr. 928

suspance A /c. Dr. 72

To return outward A/c. 1000

E.Sales A/c. Dr. 3000

To Cash A/c. 3000