An old furniture was sold for $R s . 750$ , but the amount entered in the Sales Day book as $R s . 570$ . On rectification of this error suspense A/c will be __________.

credited by

R s . 180

No worries! We‘ve got your back. Try BYJU‘S free classes today!

debited by

R s .180

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

debited by

R s .750

No worries! We‘ve got your back. Try BYJU‘S free classes today!

credited by

R s . 570

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B debited by $R s .180$
Sale of old furniture of $R s .750$ is recorded as $R s .570$ , it is an error of commission as the amounts are wrongly taken. There will be a difference in trial balance of $R s .180$ i.e $R s .750$ - $R s .570$ .
To rectify the transaction, suspense account will be debited by $R s .180$ .

Suggest Corrections

Similar questions

Q. An old furniture was sold for Rs.650, but the amount entered in Sales Day Book as Rs. 560. On rectification of this error Furniture A/c will be _____.

Trial balance of Sagar did not agree. It showed an excess credit Rs 7,550. Sagar put the difference to suspense account. He located the following errors-

1) Sales return book was overcast by Rs 1,200.
2) Purchases book was undercast by Rs 750.
3) Goods returned to Mahesh Rs 1000 were recorded through sales book.
4) Credit purchase from Mahadev Rs 6,000 were recorded through sales book.
5) Credit purchase from Damodhar Rs 4,000 were recorded through sales book. However, Damodhar’s account was correctly credited.
6) Salary paid Rs 3,500 was debited to employee’s personal account.

Rectify the following errors assuming that suspension account was opened.

Ascertain the difference in trial balance.

(a)	Furniture purchased for Rs 10,000 wrongly debited to purchase account as Rs 4,000.
(b)	Machinery purchased on credit from Raman for Rs 20,000 recorded through Purchases Book as Rs 6,000.
(c)	Repairs on machinery Rs 1,400 debited to Machinery account as Rs 2,400.
(d)	Repairs on overhauling of second hand machinery purchased Rs 2,000 was debited to Repairs account as Rs 200.
(e)	Sale of old machinery at book value Rs 3,000 was credited to sales account as Rs 5,000.

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.

Rectify the following errors assuming that suspensions account was opened. Ascertain the difference in trial balance.

(a) Furniture purchased for Rs. 10,000 wrongly debited to purchase account as Rs. 4000

(b) Machinery purchased on credit from Raman for Rs. 20000 recorded through purchase book as Rs. 6000

(d) Repair on overhauling of secondhand machinery purchased Rs. 2000 was debited to repair account as Rs. 200

(e) Sale of old machinery at book value Rs. 3000 was credited to sales account as Rs. 5000

Join BYJU'S Learning Program

An old furniture was sold for Rs.750, but the amount entered in the Sales Day book as Rs.570. On rectification of this error suspense A/c will be __________.

An old furniture was sold for $R s . 750$ , but the amount entered in the Sales Day book as $R s . 570$ . On rectification of this error suspense A/c will be __________.