Question

Rectify the following errors assuming that suspension account was opened.
(a) Furniture purchased for 10,000 wrongly debited to purchase a
(b) Machinery purchased on credit from Raman for * 20,000 recorded
(c) Repairs on machinery * 1,400 debited to Machinery account as
(d) Repairs on overhauling of second hand machinery purchased * 2,000
Ascertain the difference in trial balance.
as 4,000.
through Purchases Book as * 6,000.
2,400.
was debited to Repairs account as 200.
(e) Sale of old machinery at book value 3,000 was credited to sales account
as 5.000.​

Answer 1

Answer:

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Explanation:

Rectify the following errors assuming that suspension account was opened.

(a) Furniture purchased for 10,000 wrongly debited to purchase a

(b) Machinery purchased on credit from Raman for * 20,000 recorded

(c) Repairs on machinery * 1,400 debited to Machinery account as

(d) Repairs on overhauling of second hand machinery purchased * 2,000

Ascertain the difference in trial balance.

as 4,000.

through Purchases Book as * 6,000.

2,400.

was debited to Repairs account as 200.

(e) Sale of old machinery at book value 3,000 was credited to sales account