Rs. 580 received from Shyam were posted to his account as Rs. 850. To rectify this error, suspense account shall be ___ With Rs ___ .
Debited with Rs 270
Credited with Rs 270
Credited with Rs 580
Debited with Rs 580
It means Shyam's Account is to be debited with Rs. 270 & suspense account is to be credited with Rs 270.
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.
Sales to Amrish amounting to Rs 1430 has been posted to his account as Rs 1340. To rectify this error Amrish`s account shall be ___
Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account.
(b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000.
(c) Goods returned to Rakesh Rs. 4,000 were posted to the credit of his account.
(d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000.
(e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.
Rectify the following errors assuming that a suspense account was opened.
Ascertain the difference in trial balance.
(a)
Credit sales to Mohan Rs 7,000 were posted to the credit of his account.
(b)
Credit purchases from Rohan Rs 9,000 were posted to the debit of his account as Rs 6,000.
(c)
Goods returned to Rakesh Rs 4,000 were posted to the credit of his account.
(d)
Goods returned from Mahesh Rs 1,000 were posted to the debit of his account as Rs 2,000.
(e)
Cash sales Rs 2,000 were posted to the debit of sales account as Rs 5,000.