Question

Hlustration 41
A trader agreed his Trial Balance by putting the difference in a Suspense Account and prepared a Trading and Profit and
Loss Account and a Balance Sheet. On subsequent scrutiny the books disclosed several errors as detailed below:
A cheque of 750 received for loss of stock by fire had been deposited in the proprietor's private bank account.
(b) An item of purchase of 151 was entered in the Inward Invoice Book as 15 and posted to the Supplier's Account
as * 51.
A sales return of 500 was not entered in the financial accounts though it was duly taken in the stock book.
(d) An amount of 300 was received in full settlement from a customer after he was allowed a discount of 50, but
while writing the books, the amount received was entered in the discount column and the discount allowed was
entered in the amount received column.
(e) Bills receivable from Mr X of 1,000 was posted to the credit of Bills Payable Account and also credited to the
uccount of Mr X.
Prepare Suspense Account and Profit and Loss Adjustment Account
CU.B.Com. (Hons.) - 2003/​

Answer 1

Answer:

js su dud udhdgve wo Isaiah Kennedy gdvrgdub Sushruta usual iStock issues disk official Orbitz