Question

25. There were errors in the Trial Balance of Jasbir Arora on 31st December, 2018 and the
difference of 15,800 in the books was carried to the credit of Suspense Account. On going
through the books, you find that:
(i) 5,400 received from Mr. Rajiy was posted to the debit of his account.
(i) 1,000 being purchase return was posted to the debit of Purchases Account.
(iii) Discount received * 2,000 was posted to Discount Allowed Account.
(iv) * 2,740 paid for Repairs to Motor Car was debited to Motor Car Account as 1,740.
(U) 4,000 paid to Sanjai was debited to S. Sanjai Account.
Give Journal Entries to rectify the above errors and show the Suspense Account.​

Answer 1

Answer:

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