Question

Q.6) Trial Balance of Sumit did not match and he put the difference to suspense
account. You are required to rectify the following errors and prepare suspense
account to ascertain the difference in the trial balance.
1. Sales book was overcast by Rs. 4000.
2. Purchase book was undercasted by Rs. 1000.
3. Credit purchase from Kamal was debited to his account Rs. 5000.
4. Discount allowed to a customer Rs. 2500 has been credited to him as Rs.
5200.
5. Cash paid to Mohan Rs. 7000 has been credited to his account as Rs. 3000.
6. Goods returned by Rakesh Rs. 5000 has been recorded in the Returns Inward
book but omitted to be posted to his account.
(8M)​

Answer 1

Answer:

Q.6) Trial Balance of Sumit did not match and he put the difference to suspense

account. You are required to rectify the following errors and prepare suspense

account to ascertain the difference in the trial balance.

1. Sales book was overcast by Rs. 4000.

2. Purchase book was undercasted by Rs. 1000.

3. Credit purchase from Kamal was debited to his account Rs. 5000.

4. Discount allowed to a customer Rs. 2500 has been credited to him as Rs.

5200.

5. Cash paid to Mohan Rs. 7000 has been credited to his account as Rs. 3000.

6. Goods returned by Rakesh Rs. 5000 has been recorded in the Returns Inward

book but omitted to be posted to his account.

(8M)