15. Rectify the following errors assuming that suspension account was opened. Ascertain the difference in trial balance. Furniture purchased for ₹10,000 wrongly debited to purchase account as ₹4,000. Machinery purchased on credit from Raman for ₹20,000 recorded through Purchases Book as ₹6,000. Repairs on machinery ₹1,400 debited to Machinery account as ₹2,400. Repairs on overhauling … Read more
14. Rectify the following errors: Furniture purchased for ₹10,000 wrongly debited to purchases account. Machinery purchased on credit from Raman for ₹20,000 was recorded through purchases book. Repairs on machinery ₹1,400 debited to machinery account. Repairs on overhauling of second hand machinery purchased ₹2,000 was debited to Repairs account. Sale of old machinery at book … Read more
13. Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. Credit sales to Mohan ₹7,000 were recorded in Purchase Book. However, Mohan’s account was correctly debited. Credit purchases from Rohan ₹9,000 were recorded in sales book. However, Rohan’s account was correctly credited. Goods returned to Rakesh ₹4,000 were … Read more
12. Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance. Credit sales to Mohan ₹7,000 were posted to Karan as ₹5,000. Credit purchases from Rohan ₹9,000 were posted to the debit of Gobind as ₹10,000. Goods returned to Rakesh ₹4,000 were posted to the credit of Naresh … Read more
11. Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance. Credit sales to Mohan ₹7,000 were posted to the credit of his account. Credit purchases from Rohan ₹9,000 were posted to the debit of his account as ₹6,000. Goods returned to Rakesh ₹4,000 were posted to the … Read more
10. Rectify the following errors: Credit sales to Mohan ₹7,000 were posted to Karan. Credit purchases from Rohan ₹9,000 were posted to Gobind. Goods returned to Rakesh ₹4,000 were posted to Naresh. Goods returned from Mahesh ₹1,000 were posted to Manish. Cash sales ₹2,000 were posted to commission account. NCERT/Rationalised 2023-24/Numerical Questions/Q-10 Answer : Back
9. Rectify the following errors and ascertain the amount of difference in trial balance by preparing suspense account: Credit sales to Mohan ₹7,000 were posted as ₹9,000. Credit purchases from Rohan ₹9,000 were posted as ₹6,000. Goods returned to Rakesh ₹4,000 were posted as ₹5,000. Goods returned from Mahesh ₹1,000 were posted as ₹3,000. Cash … Read more
8. Rectify the following errors and ascertain the amount of difference in trial balance by preparing suspense account: Credit sales to Mohan ₹7,000 were not posted. Credit purchases from Rohan ₹9,000 were not posted. Goods returned to Rakesh ₹4,000 were not posted. Goods returned from Mahesh ₹1,000 were not posted. Cash paid to Ganesh ₹3,000 … Read more
7. Rectify the following errors: Sales book undercast by ₹300. Purchases book undercast by ₹400. Return Inwards book undercast by ₹200. Return outwards book undercast by ₹100. NCERT/Rationalised 2023-24/Numerical Questions/Q-07 Answer : Back
6. Rectify the following errors: Sales book overcast by ₹700. Purchases book overcast by ₹500. Sales return book overcast by ₹300. Purchase return book overcast by ₹200. NCERT/Rationalised 2023-24/Numerical Questions/Q-06 Answer : Back