Question

Trial balance of Anny did not agree. It showed an excess credit ` 10,000. Anny put the difference to suspense account. She located the following errors :
Sales return book over cast by ` 1,000.
Credit purchases from S & Co. ` 5,000 were recorded through sales book. However, S & Co. were correctly credited.
Salary paid ` 2,000 was debited to employee’s personal account.
Rectify the above errors using Suspense Account.​

Answer 1

Explanation:

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