account. Credit purchases from Nanak Rs. , were recorded in sales Book. However, Nanak’s account was correctly credited.
(e) Machinery purchased for Rs. , was posted to purchases account as Rs. , . Rectify the errors and prepare suspense account.
( Ans : Total of suspense account Rs. , ). . Trial balance of Raju showed an excess debit of Rs.
, . He put the difference to suspense account and discovered the following errors : (a) Depreciation written-off the furniture Rs. , was not posted to Furniture account. Credit sales to Rupam Rs.
, were recorded as Rs. , . Purchases book undercast by Rs. , .
Cash sales to Rana Rs. , were not posted. (e) Old Machinery sold for Rs. , was credited to sales account.
(f) Discount received Rs. from kanan on playing cash to him was not posted. Rectify the errors and prepare suspense account. ( Ans : Balance carried forward in suspense account Rs.
, (cr.)). . Trial balance of Madan did not agree and he put the difference to suspense account. He discovered the following errors: (a) Sales return book overcast by Rs.
. Purchases return to Sahu Rs. , were not posted. Goods purchased on credit from Narula Rs.
, though taken into stock, but no entry was passed in the books. Installation charges on new machinery purchased Rs. were debited to sundry expenses account as Rs. .
(e) Rent paid for residential accommodation of madam (the proprietor) Rs. , was debited to Rent account as Rs. , . Rectify the errors and prepare suspense account to ascertain the difference in trial balance.
( Ans : Difference in trial balance Rs. , excess credit). . Trial balance of Kohli did not agree and showed an excess debit of Rs.
, . He put the difference to a suspense account and discovered the following errors: (a) Cash received from Rajat Rs. , was posted to the debit of Kamal as Rs. , .
Salaries paid to an employee Rs. , were debited to his personal account as Rs. . Goods withdrawn by proprietor for personal use Rs.