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A sale of Rs ...

Question

A sale of Rs $13, 600$ was recorded in the sales journal as Rs $3, 600$ and posted to Govind, the customer as Rs $6, 300$ . Identify the amount of the trial balance difference which will be placed in a suspense account.

Dr.

12, 700

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Cr.

2, 700

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Dr.

2, 700

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Cr.

12, 700

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Solution

The correct option is A Cr. $2, 700$
Credit side (sales journal) is an amount of RS-3,600 whereas Debit side (Govind A/c) shows a balance of RS-6,300. Hence, the credit side is less by RS-2,700 (6,300 - 3,600).

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Similar questions

Trial balance of Khatau did not agree. He put the difference to suspense account and discovered the following errors:

(a)	Credit sales to Manas Rs 16,000 were recorded in the purchases book as Rs 10,000 and posted to the debit of Manas as Rs 1,000.
(b)	Furniture purchased from Noor Rs 6,000 was recorded through purchases book as Rs 5,000 and posted to the debit of Noor Rs 2,000.
(c)	Goods returned to Rai Rs 3,000 recorded through the Sales book as Rs 1,000.
(d)	Old machinery sold for Rs 2,000 to Maneesh recorded through sales book as Rs 1,800 and posted to the credit of Manish as Rs 1,200.
(e)	Total of Returns inwards book Rs 2,800 posted to Purchase account.

Rectify the above errors and prepare suspense account to ascertain the difference in trial balance.

34, 680

36, 480

Trial balance of Khatau did not agree. He put the difference to a suspense account and discovered the following errors.

(a) Credit sales to Manas Rs. 16,000 were recorded in the purchase book as Rs. 10,000 and posted to the debit of Manas as Rs. 1,000.

(b) Furniture purchased from Noor Rs. 6,000 was recorded through purchase book as Rs. 5,000 and posted to the debit of Noor Rs. 2,000.

(d) Old machinery sold for Rs. 2,000 to Maneesh recorded through sales book as Rs. 1,800 and posted to the credit of Manish as Rs. 1,200.

(e) Total of return inwards book Rs. 2,800 posted to purchase account.

Rectify the above errors and prepare a suspense account to ascertain the difference in trial balance.

2, 18, 400

2, 14, 800

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