Trial Balance of M/s Shinde Enterprises did not agree. It puts the difference to the Suspense A/c. Rectify the following errors and prepare the Suspense A/c to ascertain the original difference in the trial balance. 1. Amount paid for the installation of the machinery shs. 10000 was posted to the Repairs and maintenance A/c. 2. Total of Purchases book shs.50000 was not posted to the ledger. 3. Goods returned to John shs.3000 were recorded in Sales Book. 4. Salary paid to Ram shs.6000 was debited to his personal account. 5. Depreciation written-off on furniture shs.500 was not posted to the furniture account.

Trial Balance of M/s Shinde Enterprises did not agree. It puts the difference to the Suspense A/c. Rectify the following errors and prepare the Suspense A/c to ascertain the original difference in the trial balance. 1. Amount paid for the installation of the machinery shs. 10000 was posted to the Repairs and maintenance A/c. 2. Total of Purchases book shs.50000 was not posted to the ledger. 3. Goods returned to John shs.3000 were recorded in Sales Book. 4. Salary paid to Ram shs.6000 was debited to his personal account. 5. Depreciation written-off on furniture shs.500 was not posted to the furniture account.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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