Question

Q.3.
Trial balance of Sagar did not agree. It showed an excess credit of Rs. 7,550. Sagar put the
difference to suspense account. He located the following errors:
(10 M)
1. Sales return book was overcast by Rs. 1,200.
2. Purchases book was undercast by Rs. 750.
3. Goods retumed to Mahesh Rs. 1.000 were recorded through sales book
4. Credit purchases from Mahadev Rs. 6,000 were recorded through sales book.
5. Credit purchases from Damodhar Rs. 4,000 were recorded through sales book. However,
Damodhar's account was correctly credited.
6. Salary paid Rs. 3,500 was debited to employee's personal account
Give journal entries to rectify the above errors and prepare Suspense Account​

Answer 1

Answer:

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