Question

There was an error in the Trial Balance of Ram Gopal on 31st March, 2018 and the difference in books was carried to the Suspense Account. On going through the books, you find that:
(i) ₹ 540 received from Mayank was posted to the debit side of his account.
(ii) ₹ 100 being purchases return was posted to the debit of the Purchases Account.
(iii) Discount of ₹ 300 received was posted to the debit of the Discount Account.
(iv) ₹ 374 paid for motor car repairs was debited to the Motor Car Account as ₹ 174.
(v) ₹ 400 paid to Naman was debited to the account of Manan.
Pass the Journal entries to rectify the above errors and state what amount was carried to the Suspense Account.

Answer 1

Books of Ram Gopal Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
(i)	Suspense A/c	Dr.		1,080
	To Mayank				1,080
	(Cash received from Mayank was wrongly posted to the debit of his account, now rectified)
(ii)	Suspense A/c	Dr.		200
	To Purchases A/c				100
	To Purchases Return A/c				100
	(Purchases Return Rs 100 was wrongly debited to Purchases Account , now rectified)
(iii)	Suspense A/c	Dr.		600
	To Discount A/c				600
	(Discount Received Rs 300 was wrongly posted to the debit of Discount Account, now rectified)
(iv)	Motor Car Repair A/c	Dr.		374
	To Motor Car A/c				174
	To Suspense A/c				200
	(Paid Rs 374 for Motor Car Repair was wrongly debited to Motor Car Account as Rs 174, now rectified)
(v)	NamanA/c	Dr.		400
	To Manan A/c				400
	(Amount paid to Naman was wrongly debited to Manan, now rectified)

Suspense Account
Dr.	Cr.
Date	Particulars	Amount (₹)	Date	Particulars	Amount (₹)
(i)	Mayank	1,080	(iv)	Motor Car Repair	200
(ii)	Purchases	100		Balance c/d	1,680
	Purchases Return	100
(iii)	Discount	600
		1,880			1,880