Question

The Trial Balance prepared by Dhanraj did not tally and the difference was transferred to Suspense Account. Subsequently, the following errors were found. Rectify the errors and show the suspense Account.

Answer 1

Answer:

Explanation:

The Trial Balance prepared by Dhanraj did not tally and the difference was transferred to Suspense Account. Subsequently, the following errors were found. Rectify the errors and show the suspense Account.

1. a sale of rs. 1600 to kamalnath was posted to karunanath
2. Insurance paid amounting to Rs 250 was postedtwice
3. a sale of Rs. 1500 for old machinery was passed through the sale book
4. A purchase of Rs. 600  from kamesh was not passed through the book
5. Rs 80 the debit balance on commission account was ommitted from the trial balance
6. The purchase returns book was under cast by Rs. 700.

PARTICULAR

Karunanath A/c        1600

  To Kamalnath A/c               1600

Suspense A/c            250

   To insurance a/c                250

Sales A/c                     1500

  To machinery                         1500

purchase A/c               600

    To kamesh A/c                       600

commission A/c           80

    To  suspense A/c                   80

Suspense a/c              700

To purchase return                    700