While checking the accounts of ABC the following discrepancies were noticed, even though the trial balance was made to balance by putting the difference to Suspense A/c.
(i) Sales day book for the month of June was found overcast by Rs $7, 000$ .
(ii) A credit purchase of Rs $3, 000$ was omitted to be recorded in the purchase day book.
(iii) Rs $4, 300$ received from A credited to A A/c Rs $3, 400$ .
(iv) Purchase of Office Equipment worth Rs $5, 000$ included in trading purchases.
From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.

Debit side short by Rs

9, 100

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Credit side short by Rs

9, 100

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Debit side more by Rs

7, 900

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Credit side more by Rs

6, 100

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Solution

The correct option is D Debit side short by Rs $9, 100$
The following are the rectification entries of the above transactions:

(i) Sales a/c Dr. 7000
To Suspense a/c 7000
(ii) Purchase a/c Dr. 3000
To Suspense a/c 3000
(iii) Suspense a/c Dr. 900
To A a/c 900
(iv) Office Equipment a/c Dr. 5000
To Purchases a/c 5000

Suspense a/c
Dr. Cr.
Particulars Amt Particulars Amt
To A a/c 900 By Sales a/c 7000
To Difference in Trial Balance 9100 By Purchases a/c 3000

10000 10000
Hence, A is the correct option.

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Similar questions

Q. While checking the accounts of ABC the following discrepancies were noticed, even though the trial balance was made to balance by putting the difference to suspense A/c.
(a) Sales day book for the month of June 2013 was found overcast by Rs. 7000
(b) A credit purchase of Rs.3,000 was omitted to be recorded in the day book.
(c) Rs.4,300 received from A credited to A's Rs.3,400
(d) Purchase of office equipment worth Rs.5,000 included in trading purchases.
From the above details while rectifying the mistake suspense a/c will be.

Rectify the following errors by opening a suspense account credit side of the trial balance was cast short and the difference of trial account.

1) Paid Rs 700 to Nishigandha was debited to pritigantha account.
2) Total of sales book cast short by Rs 175.
3) Purchased goods casting Rs 690 on credit from shrawani was recorded in the purchase book but failed to credit shrawani account.
4) Total of purchase book was Overcast by Rs 95.
5) Received Rs 548 from Firoz on account was correctly recorded in cash account but Firoz account was credited by Rs 584.
6) Paid Advertisement Expenses amounted to Rs 350 was wrongly recorded twice in the Advertisement account.

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.

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 Govindrao is short of credit by Rs 1250. This difference is shown as ‘Suspense’ account in the credit column of the Trial Balance. on scrutiny of accounts the following errors were traced out.

1) The purchase journal was overcast by Rs 250.
2) The periodical total of the sales book was cast short by Rs 1500.
3) The total of return inward book for the month was added short by Rs 100.
4) The total receipt side of the cash book was taken short by Rs 300 with result that cash balance was shown as Rs 1700 instead of Rs 2000.
5) Commission of Rs 100 received from Trupti was credited both to Commission account and to Trupti’s account.

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Particulars	Amt	Particulars	Amt
To A a/c	900	By Sales a/c	7000
To Difference in Trial Balance	9100	By Purchases a/c	3000

	10000		10000