Question

Rectify the errors :
1) The total discount received has been added Rs.100 short.
2) Credit side of Mohan's account is overcast by Rs. 2000.
3)In purchase book, the total of one page Rs. 5365 was carried forward to the next page as Rs. 3656.
4)Manish'a account was credited with Rs. 800 instead of debiting it with Rs. 300.

Answer 1

1. suspense a/c dr. 100

to discount received. 100

2. Mohan dr 2000

to suspense. 2000

3. purchase a/c. dr. 1709

to suspense. 1709

4. Manish. dr. 1100

to suspense 1100