In taking out a Trial Balance, an Accountant finds an excess debit of ₹ 1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors:-1. Goods purchased from Surinder for ₹ 350 has been credited to his account as ₹ 530.2. Goods sold to Dinesh for ₹ 800 have been debited to his account as ₹ 880.3. A cheque of ₹ 1,250 received from a debtor had been correctly entered in the cash book but posted to his Personal A/c as ₹ 1,200.4. ₹ 780, paid for freight on machinery purchased was debited to Freight Account as ₹ 708.5. Goods to the value of ₹ 130 returned by a customer Navin Kumar had been posted to the debit of his account.6. ₹ 1,440 paid for repairs to Motor Car were debited to Motor Car A/c as ₹ 1,400.7. Total of purchase return book ₹ 500 was posted to the debit of Purchase A/c.Give necessary rectifying entries and prepare suspense account.

In taking out a Trial Balance, an Accountant finds an excess debit of

1.	In taking out a Trial Balance, an Accountant finds an excess debit of ₹ 1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors:-1. Goods purchased from Surinder for ₹ 350 has been credited to his account as ₹ 530.2. Goods sold to Dinesh for ₹ 800 have been debited to his account as ₹ 880.3. A cheque of ₹ 1,250 received from a debtor had been correctly entered in the cash book but posted to his Personal A/c as ₹ 1,200.4. ₹ 780, paid for freight on machinery purchased was debited to Freight Account as ₹ 708.5. Goods to the value of ₹ 130 returned by a customer Navin Kumar had been posted to the debit of his account.6. ₹ 1,440 paid for repairs to Motor Car were debited to Motor Car A/c as ₹ 1,400.7. Total of purchase return book ₹ 500 was posted to the debit of Purchase A/c.Give necessary rectifying entries and prepare suspense account.
Answer» In taking out a Trial Balance, an Accountant finds an excess debit of ₹ 1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors:- 1. Goods purchased from Surinder for ₹ 350 has been credited to his account as ₹ 530. 2. Goods sold to Dinesh for ₹ 800 have been debited to his account as ₹ 880. 3. A cheque of ₹ 1,250 received from a debtor had been correctly entered in the cash book but posted to his Personal A/c as ₹ 1,200. 4. ₹ 780, paid for freight on machinery purchased was debited to Freight Account as ₹ 708. 5. Goods to the value of ₹ 130 returned by a customer Navin Kumar had been posted to the debit of his account. 6. ₹ 1,440 paid for repairs to Motor Car were debited to Motor Car A/c as ₹ 1,400. 7. Total of purchase return book ₹ 500 was posted to the debit of Purchase A/c. Give necessary rectifying entries and prepare suspense account.

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In taking out a Trial Balance, an Accountant finds an excess debit of ₹ 1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors:-1. Goods purchased from Surinder for ₹ 350 has been credited to his account as ₹ 530.2. Goods sold to Dinesh for ₹ 800 have been debited to his account as ₹ 880.3. A cheque of ₹ 1,250 received from a debtor had been correctly entered in the cash book but posted to his Personal A/c as ₹ 1,200.4. ₹ 780, paid for freight on machinery purchased was debited to Freight Account as ₹ 708.5. Goods to the value of ₹ 130 returned by a customer Navin Kumar had been posted to the debit of his account.6. ₹ 1,440 paid for repairs to Motor Car were debited to Motor Car A/c as ₹ 1,400.7. Total of purchase return book ₹ 500 was posted to the debit of Purchase A/c.Give necessary rectifying entries and prepare suspense account.
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