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Answer to Question #29303 in Other Management for NAMITA JHA

Question #29303
Q1. An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors.
a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37.
b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account.
c) An expenditure of Rs. 158 on repairs has been debited to the buildings account.
d) Rs. 80 was allowed by B as discount which has not been entered in the books.
e) A sum of Rs. 125.05 realised on the sale of old furniture has been posted to the sales account.
Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments
Hint: Total of suspense a/c = 78.74
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Comments

Assignment Expert
14.05.13, 16:19


Unfortunately, your question requires a lot of work and cannot be done for free.
Submit it with all requirements as an assignment to our control panel and we'll assist you.

Assignment Expert
14.05.13, 16:05


Unfortunately, your question requires a lot of work and cannot be done for free.
Submit it with all requirements as an assignment to our control panel and we'll assist you.

Kumar gaurav
14.05.13, 09:19

plz give me my answer

plz find me the answer
13.05.13, 20:09

plz send me the answer as soon.

Assignment Expert
01.05.13, 14:42

Dear visitor

Unfortunately, your question requires a lot of work and cannot be done for free.
Submit it with all requirements as an assignment to our control panel and we'll assist you.

vipin khanduri
01.05.13, 08:26

plz find me the answer...

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