40. There was a difference of ₹720 in the Trial Balance which has been transferred to the credit side of the Suspense Account. Pass the rectifying entries and prepare a Suspense to rectify the following errors:
(i) An amount of ₹375 now posted on the debit side of the Commission Account instead of ₹275.
(ii) Credit amount of ₹260 posted to the debit of the Personal Account as ₹360.
(iii) Goods sold to Surinder recorded in Purchases Book ₹300.
(iv) D’s bill for erection of godown at a cost of ₹1,200 has been charged to the Repairs Account.
(MSE Chandigarh)
T.S.Grewal/2024 Edition/Practical Problems/Q-40
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.