Chapter 17 – Rectification Of Errors – TS Grewal 2022
Preparation of Suspense Account
Question 39
Q39. A Trial Balance disclosed a difference of 417 placed on the credit side of the Suspense Account. Later on the following errors were located:
(i) Goods worth 200 purchased from Sohan had been posted to his account as 250.
(ii) A purchase of furniture for 500 was recorded in the Purchases Book.
(iii) Instead of crediting Gian’s Account with 512, it was debited with 215.
(iv) Goods worth 130 returned by Gian were entered in the Sales Book and posted therefrom to the credit of Gian’s Personal Account.
Pass the rectifying entries and prepare a Suspense Account.
Solution
A Trial Balance disclosed – Q39
