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 to suspence account while preparing the Final Accounts, The following errors were later noticed : (a) Purchase book was undercost by 7 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, b) Received commission worth * 200 which was not posted to Commission Account (2) 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​

Answer 1

Answer:

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