Question

An accountant while balancing his books of Suman and brothers found that a difference of 3,475 in the trial balance. The difference was palced 10 suspence account while preparing the Final Accounts.
The following errors were later noticed :
(a) Purchase book was undercost by * 1,150.
(b) Purchase from Vinod amounting to 1,000 was entered in sales book.
(c) Goods returned from Ashok amounting to * 200 debited in his personal account.
(d) Goods sold to Suresh worth 500 which is not included in the list of debtors.
(e) * 200 being the discount allowed by customer which was not posted in Discount Account.
(f) Received commission worth 200 which was not posted to Commission Account.
(g) Rent paid amounted to * 2,400 which is not posted to Rent Account.

Draft Journal entries necessary for rectifying the above mistakes and prepare the Suspense Account Schis / Unit-IT​

Answer 1

Answer:

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