Question

A trader found difference of

` 1,500 in his Trial

Balance, which he debited to Suspense account.

Afterward the following errors were found. Give

correction entries and also prepare Suspense 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 for personal use,

was debited to Travelling Expenses A/c.

(v) Interest Received from Archana

` 900 but was

credited to her account. ​

Answer 1

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Answer 2

Answer:

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