Question

The following trial balance has been prepared by an inexperienced accountant as on
31 March 2016 Rodraft it in a correct form and pive necessary notes for correction
Particulars
Debit (RS)
Credit (R)
Capital
17,900
Opening Stock
7,450
Drawings
2.100
Purchases
45,200
Sales
76,680
Wages
12,410
Electricity
620
Machinery
7,200
Goodwill
460
Sales Return
210
Purchases Return
580
Building
2,950
Cash
20,000
Bank Overdraft
4,440

can I get this recorrection ? ​

Answer 1

Answer:

total debit balance =98600

total credit balance =99600

so for rectification please debit suspense account with 1,000