Question - 24
On 31st March, the trial balance of M/s mahaveer Bahndar showed a lesser balance of Rs. 935 in the debit side the accountant wrote the difference amount in suspense A/c and tallied the total of trial balance while going through the book the following errors were found :
- The debit total of discount column of cash book Rs. 15 was posted in rent A/c
- Cash purchase of Rs. 105 was not posted in purchase A/c
- Rs. 150 paid to Dinesh but posted in Rajesh's A/c
- Credit sale of goods for Rs. 300 to Avinash but his account was wrongly posted by Rs. 30
- Goods worth Rs. 500 was sold to Atul on credit which was wrongly entered in purchase retun book.
- Rs. 200 paid for shop's rent which was wrongly debited in owner's personal A/c
- Paid to pradeep Rs. 1,000 which has been wrongly credited in his acocunt by Rs. 100.
Rectify the above errors and prepare a suspencse A/c and show its effect in the profit and loss A/c of the business.
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