Question

An Accountant finds the difference in the Trial Balance amounting to Rs.

210 and put it in the Suspense Account. Later on he detects the following

errors. Rectify the errors and prepare the suspense Account.​

Answer 1

Answer:

Rectify the following errors:

(i) Credit sales to Mridula ₹ 5,000 were not recorded.

(ii) Credit purchases from Nayna ₹ 8,000 were not recorded.

(iii) Goods returned to Priya ₹ 12,000 were not recorded.

(iv) Goods returned from Rashi ₹ 10,000 were not recorded.