3. Rectify the following errors (i) Credit sales to Mridula ₹5,000 were recorded as ₹5,400. (ii) Credit purchases from Nayna ₹8,000 were recorded as ₹8,800. (iii) Goods returned to Priya ₹12,000 were recorded as ₹12,200. (iv) Goods returned from Rashi ₹10,000 were recorded as ₹11,000. D.K.Goel/2024 Edition/Practical Questions/Q-03 For full question, please refer to the … Read more
2. Rectify the following errors: (i) Credit sales to Mridula ₹5,000 were recorded as ₹500. (ii) Credit purchases from Nayna ₹8,000 were recorded as ₹800. (iii) Goods returned to Priya ₹12,000 were recorded as ₹1,200. (iv) Goods returned from Rashi ₹10,000 were recorded as ₹1,000. D.K.Goel/2024 Edition/Practical Questions/Q-02 For full question, please refer to the … Read more
1. Rectify the following errors: (i) Credit sales to Mridula ₹5,000 were not recorded. (ii) Credit purchases from Nayna ₹8,000 were not recorded. (iii) Goods returned to Priya ₹12,000 were not recorded. (iv) Goods returned from Rashi ₹10,000 were not recorded. D.K.Goel/2024 Edition/Practical Questions/Q-01 For full question, please refer to the text book Accountancy … Read more
47. An accountant of a firm found that his Trial Balance was out (excess credit) by ₹742. He placed the amount in a Suspense Account and subsequently found the following errors: (i) A discount of ₹178 was allowed to Bharat but in his account only ₹100 is recorded (ii) The total of the Purchases Book … Read more
46. The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account. Pass the entries required to rectify the following errors which accounted for the difference. Also, prepare the Suspense Account: (i) A Sales Invoice for ₹1,000 for goods sold on credit to Mr. Robert was … Read more
45. Rectify the following errors found in the books of Bheem. Trial Balance had ₹930 excess Credit. The difference has been posted to a Suspense Account: (i) The total of Returns Inward Book has been cast ₹1,000 short. (ii) The purchase of an office table costing ₹3,000 has been passed through the Purchases Book. (iii) … Read more
44. Trial Balance of a bookkeeper shows an excess of debits over credits by ₹261. This difference is placed in a Suspense Account to facilitate books closure. Later on the following errors discovered: (i) A credit item of ₹349 has been debited to a Personal Account as ₹439. (ii) A sum of ₹625 written off … Read more
43. There was an error in the Trial Balance of Ram Gopal on 3lst March, 2024 and the difference in books was carried to the Suspense Account. On going through the books, you find that: (i) ₹540 received from Mayank was posted to the debit side of his account. (ii) ₹100 being purchases return was … Read more
42. Rajesh drew a Trial Balance for the year ended 31st March, 2024, There was a difference which he closed through Suspense Account. On a scrutiny, through following errors were found: (i) Purchase Book for the month of April 2023 was undercasted by ₹1,000. (ii) Sales Book of October 2023 was overcasted by ₹10,000. (iii) … Read more
41. The Trial Balance of M/s. Gupta & Sons shows a difference of ₹52,200. To prepare the Final Account on 31st March, 2024, this difference is placed in a Suspense Account. Afterwards the following errors were disclosed, Pass the necessary entries to rectify them and show the Suspense Account. (i) Purchases Book total had been … Read more