25. Trial balance of John did not agree. He put the difference to suspense account and discovered the following errors: In the sales book for the month of January total of page 2 was carried forward to page 3 as ₹1,000 instead of ₹1200 and total of page 6 was carried forward to page 7 … Read more
24. Trial balance of Khatau did not agree. He put the difference to suspense account and discovered the following errors: Credit sales to Manas ₹16,000 were recorded in the purchases book as ₹10,000 and posted to the debit of Manas as ₹1,000. Furniture purchased from Noor ₹6,000 was recorded through purchases book as ₹5,000 and … Read more
23. Give journal entries to rectify the following errors assuming that suspense account had been opened. Goods distributed as free sample ₹5,000 were not recorded in the books. Goods withdrawn for personal use by the proprietor ₹2,000 were not recorded in the books. Bill receivable received from a debtor ₹6,000 was not posted to his … Read more
22. Trial balance of Kohli did not agree and showed an excess debit of ₹16,300. He put the difference to a suspense account and discovered the following errors: Cash received from Rajat ₹5,000 was posted to the debit of Kamal as ₹6,000. Salaries paid to an employee ₹2,000 were debited to his personal account as … Read more
21. Trial balance of Madan did not agree and he put the difference to suspense account. He discovered the following errors: Sales return book overcast by ₹800. Purchases return to Sahu ₹2,000 were not posted. Goods purchased on credit from Narula ₹4,000 though taken into stock, but no entry was passed in the books. Installation … Read more
20. Trial balance of Raju showed an excess debit of ₹10,000. He put the difference to suspense account and discovered the following errors: Depreciation written-off the furniture ₹6,000 was not posted to Furniture account. Credit sales to Rupam ₹10,000 were recorded as ₹7,000. Purchases book undercast by ₹2,000. Cash sales to Rana ₹5,000 were not … Read more
19. Trial balance of Anuj did not agree. It showed an excess credit of ₹6,000. He put the difference to suspense account. He discovered the following errors Cash received from Ravish ₹8,000 posted to his account as ₹6,000. Returns inwards book overcast by ₹1,000. Total of sales book ₹10,000 was not posted to Sales account. … Read more
18. Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. Depreciation provided on machinery ₹4,000 was not posted to Depreciation account. Bad debts written-off ₹5,000 were not posted to Debtors account. Discount allowed to a debtor ₹100 on receiving cash from him was not posted to discount allowed … Read more
17. Rectify the following errors: Depreciation provided on machinery ₹4,000 was posted as ₹400. Bad debts written off ₹5,000 were posted as ₹6,000. Discount allowed to a debtor ₹100 on receiving cash from him was posted as ₹60. Goods withdrawn by proprietor for personal use ₹800 were posted as ₹300. Bill receivable for ₹2,000 received … Read more
16. Rectify the following errors: Depreciation provided on machinery ₹4,000 was not posted. Bad debts written off ₹5,000 were not posted. Discount allowed to a debtor ₹100 on receiving cash from him was not posted. Discount allowed to a debtor ₹100 on receiving cash from him was not posted to discount account. Bill receivable for … Read more