37. The books of Ramesh did not agree. The difference of ₹12,700 in trial balance was placed to the debit of suspense account. Subsequently, the following errors were located. Pass journal entries to rectify the errors and prepare the suspense account: (i) The total of the purchases returns book, ₹2,100 has not been posted. (ii) … Read more
36. Pass journal entries to rectify the following errors. The trial balance had ₹1,260 excess credit. The difference has been posted to a suspense account: (i) The total of returns inwards book has been cast ₹2,000 short. (ii) The purchase of an office table costing ₹6,000 has been passed through the purchases day book. (iii) … Read more
35. During the course of an accounting year, an Accountant found a difference in the trial balance. He puts this difference in a newly opened suspense account. Subsequently, he located the following errors in his books of account: (i) Goods purchased from Shiv for ₹10,000, but entered in sales book (ii) Received a bill receivable … Read more
34. During the course of an accounting year, the accountant prepared a trial balance which did not tally. He put the difference in a suspense account. Subsequently, he located the following errors in his books of account: (i) The total of the returns outwards book, ₹21,500 has not been posted. (ii) A sale of ₹4,300 … Read more
33. Rectify the following errors by means of Journal entries: (i) A cheque of ₹5,000 received from Ashish was dishonoured and was debited to Discount Account. (ii) Purchase of ₹540 from Ramneek was written in Sales day book, but was correctly posted to correct side of Ramneek’s Account. (iii) Salary paid to Miss Yugakshi ₹1,000 … Read more
32. Rectify the following errors: (i) The Sales Book has been totalled ₹1,000 short. (ii) Goods worth ₹1,500 returned by Green and Co. have not been recorded anywhere. (iii) Goods purchased worth ₹2,500 have been posted to the debit of the supplier, Gupta and Co. (iv) Furniture purchased from Gulab and Co. worth ₹10,000 has … Read more
31. Give rectifying journal entries for the following errors: (a) Sale of goods to Madan ₹6,000 were entered in the sales book as ₹600. (b) A credit purchase of ₹1,500 from Ajay has been wrongly passed through the sales book. (c) Repairs to building ₹300 were debited to building account. (d) ₹2,050 paid to Rohit … Read more
30. A Book-keeper finds that the totals of his trial balance disagree by 2,800. He temporarily debits a Suspense Account with this amount and closes the books. On an examination of the books, the following errors are discovered:- The total of Purchase Return Book ₹710 was posted twice. Goods costing ₹800 were distributed as free … Read more
29. In taking out a Trial Balance, an Accountant finds an excess debit of ₹1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors: Goods purchased from Surinder for ₹350 has been credited to his account as ₹530. Goods sold to Dinesh for ₹800 … Read more
28. A Book-keeper finds the difference in the Trial Balance amounting to ₹210 and puts it in the suspense account. Later on he detects the following errors. Rectify these and prepare the Suspense Account Goods purchased from Ram ₹700 was passed through sales book. Returned goods to Shyam ₹1,500 was passed through returns inward book. … Read more