An amount of Rs. 99 was omitted to be posted to the credit of a customer's account from the Cash Book. Suspense account shall be ___ to rectify this error.

Debited with Rs 99

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Credited with Rs 99

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Suspense account shall not be effected

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None of the above

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Solution

The correct option is A
Debited with Rs 99

The error involved the omission of posting to the credit of customers account. So, to rectify this error you will have to credit customer's account with Rs. 99. The corresponding debit would be given to the Suspense Account.

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Similar questions

Rs. 580 received from Shyam were posted to his account as Rs. 850. To rectify this error, suspense account shall be ___ With Rs ___ .

Trial balance of Anuj did not agree. It showed an excess credit of Rs 6,000.

He put the difference to suspense account. He discovered the following erro Rs

(a)	Cash received from Ravish Rs 8,000 posted to his account as Rs 6,000.
(b)	Returns inwards book overcast by Rs 1,000.
(c)	Total of sales book Rs 10,000 was not posted to Sales account.
(d)	Credit purchases from Nanak Rs 7,000 were recorded in sales Book. However, Nanak’s account was correctly credited.
(e)	Machinery purchased for Rs 10,000 was posted to purchases account as Rs 5,000. Rectify the errors and prepare suspense account.

The trial balance of Anuj did not agree. It showed an excess credit of Rs. 6,000. He put the difference to a suspense account. He discovered the following errors.

(a) Cash received from Ravish Rs. 8,000 posted to his account as Rs. 6,000

(b) Return inwards book overcast by Rs. 1,000

(d) Credit purchase from Nanak Rs. 7,000 were recorded in the sales book. However, Nanak's account was correctly credited.

(e) Machinery purchased for Rs. 10,000 was posted to purchase account as Rs. 5,000

Rectify the errors and prepare a suspense account.

The Trial Balance shows a difference of Rs 1339 in the debit column and is made to agree by putting this difference against a suspense account later the following errors were discovered, Rectify them and prepare a suspense account.

1) Goods sold to Deepak worth Rs 550 on credit this was recorded in sales but not posted in the ledger to Deepak account.
2) Goods worth Rs 325 were returned by Bhat. The amount was credited to his account but was not entered in the sales Return Book.
3) Nandu paid Rs 760 to us, but their account was credited for Rs 706.
4) Goods worth Rs 225 purchased from Subhash were wrongly entered in the sales Book.
5) An amount of Rs 320 owned by Kishor was omitted from the list of Sundry Debtors.
6) The Purchase Book was overcast by Rs 252.

The trial balance of Raju showed an excess debit of Rs. 10000. He put the difference to the suspense account and discovered the following errors.

(a) Depreciation written off the furniture Rs. 6,000 was not posted to furniture account.

(b) Credit sales to Rupam Rs. 10,000 were recorded as Rs. 7,000.

(d) Cash sales to Rana Rs. 5,000 were not posted.

(e) Old machinery sold for Rs. 7,000 was credited to sales account.

(f) Discount received Rs. 800 from Kanan on playing cash to him was not posted.

Rectify the errors and prepare a suspense account.

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An amount of Rs. 99 was omitted to be posted to the credit of a customer's account from the Cash Book. Suspense account shall be ___ to rectify this error.

The correct option is A Debited with Rs 99 The error involved the omission of posting to the credit of customers account. So, to rectify this error you will have to credit customer's account with Rs. 99. The corresponding debit would be given to the Suspense Account.

The correct option is A
Debited with Rs 99

The error involved the omission of posting to the credit of customers account. So, to rectify this error you will have to credit customer's account with Rs. 99. The corresponding debit would be given to the Suspense Account.