21. A book-keeper finds that the debit side of the trial balance is short of ₹308 and so for the time being, he balances the side by putting the difference to suspense account. Subsequently, the following errors were disclosed:

(a) An entry for sale of goods for ₹102 to Madhav was posted to his account as ₹120.

(b) ₹100 being the discount allowed to customers were credited to discount received account in the ledger.

(c) ₹275 paid by Madhav were credited to Jadav’s account.

(d) ₹26 appearing in the cash book as paid for the purchase of stationery for office use have not been posted to ledger. 

(e) The debit side of purchases account was under-cast by ₹100.

You are required to make the necessary journal entries and the suspense account.

 

 D.K.Goel/2024 Edition/Practical Questions/Q-21

For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company

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