Question

Give journal entries (with narrations) to rectify the following errors located in the books of a

Trader after preparing the Trial Balance: Also prepare Suspense A/c

a. An amount of Rs. 4,500 received on account of Interest was credited to Commission

account as Rs. 5400.

b. A sale of Rs. 2,760 was posted from Sales Book to the Debit of M/s Sobhag Traders at Rs.

2,670.

c. Rs. 35,000 paid for purchase of Air conditioner for the personal use of proprietor debited

to Machinery A/c.

d. Goods returned by customer for Rs. 5,000. The same have been taken into stock but no

entry passed in the books of accounts.​

Answer 1

Answer:

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Explanation:

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