Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs. , were posted to Karan as Rs. , .
Credit purchases from Rohan Rs. , were posted to the debit of Gobind as Rs , . Goods returned to Rakesh Rs. , were posted to the credit of Naresh as Rs , .
Goods returned from Mahesh Rs. , were posted to the debit of Manish as Rs. , . (e) Cash sales Rs.
, were posted to commission account as Rs. . ( Ans : Difference in trial balance Rs. , excess debit).
. Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan Rs.
, were recorded in Purchase Book. However, Mohan’s account was correctly debited. Credit purchases from Rohan Rs. , were recorded in sales book.
However, Rohan’s account was correctly credited. Goods returned to Rakesh Rs. , were recorded in sales return book. However, Rakesh’s account was correctly debited.
Goods returned from Mahesh Rs. , were recorded through purchases return book. However, Mahesh’s account was correctly credited. (e) Goods returned to Naresh Rs.
, were recorded through purchases book. However, Naresh’s account was correctly debited. ( Ans : Difference in trial balance Rs. , excess debit).
. Rectify the following errors : (a) Furniture purchased for Rs. , wrongly debited to purchases account. Machinery purchased on credit from Raman for Rs.
, was recorded through purchases book. Repairs on machinery Rs. , debited to machinery account. Repairs on overhauling of secondhand machinery purchased Rs.
, was debited to Repairs account. (e) Sale of old machinery at book value of Rs. , was credited to sales account. .
Rectify the following errors assuming that suspension account was opened. Ascertain the difference in trial balance. (a) Furniture purchased for Rs. , wrongly debited to purchase account as Rs.
, . Machinery purchased on credit from Raman for Rs. , recorded through Purchases Book as Rs. , .
Repairs on machinery Rs. , debited to Machinery account as Rs. , . Repairs on overhauling of second hand machinery purchased Rs.