Question

A trader found di['ference of ? 1,500 in his Tria]
Balance, which he dcbitcd to Suspense account.
Afterward the following errors were found. Give
corrcction entries and also prcparc Suspcnsc A/c :

(i) The Sales account was undercasted by ? 800.
(ii) ? 2,000 paid to Ramprasad was posted as ? 200

in his account.
(iii) Discount Allowed to Manish of ? 200, was
wrongly debited to Ravish's A/c.
(iv) Proprietor withdrew ? 2,500 t'or personal usc,
was debited to Travelling Expenses A/c.
(v) Interest Received from Archana rs900 but was
credited in her account.​

Answer 1

Answer:

1) suspense

to sales 800

2)ram

to suspense 1800

3) suspense 400

to Manish 200

to ravish 200

4) drawings

to travelling expenses 2500

5) Archana

to interest received 900