Q. 18. A Book-keeper failed to balance his trial.balance, the credit side exceedingthe debit side by Rs. 175. This amount was entered in a Suspense Account. Later on theunder mentioned errors were discovered :-1. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in theSales book, but posted to the Company's A/c as Rs. 260.2. A credit balance of Rs. 755 of Rent Received account was shown as Rs. 570.3. The total of Returns Outwards Book amounting to Rs. 200 was not posted tothe Ledger.4. Goods worth Rs. 100 were purchased from Prakash but the amount wasentered in the Sales Book. The account of Prakash was correctly credited.5. Sales Book was undercast by Rs. 100.6. The total of the credit side of Sohan's account was overcast by Rs. 100.Give journal entries to rectify these errors and prepare the Suspense Account.[Ans. Total of Suspense A/c Rs. 660.]
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A Book-keeper failed to balance his trial.balance, the credit side exceedingthe debit side by Rs. 175. This amount was entered in a Suspense Account. Later on theunder mentioned errors were discovered :-1. Goods amounting to Rs. 620 sold to D & Co. were correctly entered in theSales book, but posted to the Company's A/c as Rs. 260.2. A credit balance of Rs. 755 of Rent Received account was shown as Rs. 570.3. The total of Returns Outwards Book amounting to Rs. 200 was not posted tothe Ledger.4
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