Question

D. 29. In taking out a Trial Balance, an Accountant finds an excess debit of 21,098. Being desirous of closing his books, he places the difference to Suspense . Later on he detects the following errors :- 1. Goods purchased from Surinder for 350 has been credited to his account as 2. Goods sold to Dinesh for 800 have been debited to his account as *880. 3. A cheque of 1,250 received from a debtor had been correctly entered in the cash book but posted to his Personal A/c as 1,200. 4. 5780, paid for freight on machinery purchased was debited to Freight Account 530. as 708. 5. Goods to the value of 130 returned by a customer Navin Kumar had been posted to the debit of his account. 6. 71,440 paid for repairs to Motor Car were debited to Motor Car A/c as 1,400. 7. Total of purchase return book 500 was posted to the debit of Purchase A/c. Give necessary rectifying entries and prepare suspense account. [Ans. Suspense A/c tallies; total of Suspense A/c 31,390.) dicoro b2800​

Answer 1

Answer:

1. Surinder Dr 350

To Purchase A/C 350

2. Sales A/C Dr 880

To Dinesh 880

3. Debtor Dr 1250

To Bank A/C 1250

4. Machinery A/C Dr 5780

To Freight A/C 5780

5. Navin kumar Dr 130

To Sales Return A/C 130

6. Repairs A/C Dr 71440

To Motor Car A/C 71440

7. Purchase Return A/C Dr 500

To Purchase A/C 500