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Question 17 Chapter 10 – Unimax Publications of Class 11
17. A book keeper while balancing his books found that there was a difference of ₹ 86.12 in the trial balance. Being required to prepare the final account he placed this difference to a newly opened suspense account, which was carried forward to the next year when the following errors were discovered:
(a) Goods bought form a merchant ₹ 5.31 had been posted to the credit of his account as ₹ 55.
(b) An item of ₹ 10.63 entered in the sales returns book has been posted to the debit of the customer who retuned the goods.
(c) ₹ 60 owing by a customer has been mitted from the schedule of sundry debtors.
(d) ₹ 2.31 discount received from a creditor had been duly entered in his account, but not posted to discount account.
The solution of Question 17 Chapter 10 – Unimax Publications of Class 11
| Journal | |||||
| Date | Particulars | L.F. | Debit | Credit | |
| a. | Merchant’s A/c | Dr. | 49.69 | ||
| To Suspense A/c | 49.69 | ||||
| (Being goods bought form Merchant of ₹5.31 posted to credit of his a/c, now rectified) | |||||
| b. | Suspense A/c | Dr. | 21.26 | ||
| To Customer’s A/c | 21.26 | ||||
| (Being item entered in sales returns book posted to debit of customer a/c, now rectified) | |||||
| c. | Sundry debtors A/c | Dr. | 60 | ||
| To Suspense A/c | 60 | ||||
| (Being customer committed to include in sundry debtors, now rectified) | |||||
| d. | Suspense A/c | Dr. | 2.31 | ||
| To Discount A/c | 2.31 | ||||
| (Being discount received not posted to discount a/c, now rectified) | |||||
| Dr. | Suspense A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| To Balance b/d | 52,200 | By Purchases A/c | 20,000 | ||||
| To Vasudev A/c | 7,800 | By Return outward A/c | 10,000 | ||||
| By Return outward A/c | 15,000 | ||||||
| By Return inward A/c | 15,000 | ||||||
| 60,000 | 60,000 | ||||||
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