Rectify the following errors found in the books of Mr. B. Trial Balance had ₹ 930 excess credit. The difference has been posted to a Suspense Account: (i) The total of Returns Inward Book has been cast ₹ 1,000 short. (ii) The purchase of an office table costing ₹ 3,000 has been passed through Purchases Book. (iii) ₹ 3,750 paid for wages to workmen for making showcases had been charged to the Wages Account. (iv) A purchases of ₹ 670 had been posted to the Creditors Account as ₹ 600. (v) A cheque for ₹ 2,000 received from Mr. P.C. Joshi had been dishonoured and was passed to the debit of the Allowances Account. (vi) An amount of ₹ 15,720 due from Prasad written off as had in a previous year, was recovered and credited to the Personal Account of Prasad. After rectification reflect the transactions in the Suspense Account.

Rectify the following errors found in the books of Mr. B. Trial Balanc

1.	Rectify the following errors found in the books of Mr. B. Trial Balance had ₹ 930 excess credit. The difference has been posted to a Suspense Account: (i) The total of Returns Inward Book has been cast ₹ 1,000 short. (ii) The purchase of an office table costing ₹ 3,000 has been passed through Purchases Book. (iii) ₹ 3,750 paid for wages to workmen for making showcases had been charged to the Wages Account. (iv) A purchases of ₹ 670 had been posted to the Creditors Account as ₹ 600. (v) A cheque for ₹ 2,000 received from Mr. P.C. Joshi had been dishonoured and was passed to the debit of the Allowances Account. (vi) An amount of ₹ 15,720 due from Prasad written off as had in a previous year, was recovered and credited to the Personal Account of Prasad. After rectification reflect the transactions in the Suspense Account.
Answer» A trial BALANCE is a list of all the general ledger accounts (both REVENUE and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger ACCOUNT and the VALUE of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.and then delete

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