Question

Rectify the entry by suspense account
a) purchase book was under cast by Rs.1,000.
b) sales book was over cast by Rs.10,000.
C) Furniture purchased Rs.8,100 recorded Rs.810 in furniture account.
d)Bill Rs.10,000 drawn in the name of Karthik not recorded in bills receivable account.
e) Machinery purchased Rs.10,000 recorded in purchase book.

Answer 1

a) PURCHASES A/C. DR 1000

TO SUSPENSE A/C

B)SALES A/C DR. 10000

TO SUSPENSE A/C

C) FURNITURE A/C. DR 7290

TO SUSPENSE A/C

D)BILLS RECEIVABLE A/C DR. 10000

TO SUSPENSE A/C

E)MACHINERY A/C DR. 10000

TO PURCHASES A/C