Question

Rectify the following errors by opening suspense A/c :-

Purchase book has been overcast by Rs. 1000.
Rs. 5,000 spent on the extension of buildings was debited to Buildings Repairs Account.
Goods sold to X for Rs. 750 were recorded in purchase book​

Answer 1

Explanation:

1. suspense a/c. dr. 1000

To purchase a/c 1000

2. building a/c dr. 5000

To repairs a/c. 5000

no suspense account is opened because it is two sided error

3. X dr. 1500

To sales. 750

To purchase. 750

no suspense account is made because it is two sided error