Rectify the following errors assuming that suspension account was opened. Ascertain the difference
Channel: Doubtnut
Date: 10/11/2021

Rectify the following errors assuming that suspension account was opened. Ascertain the difference in trial balance. (a) Furniture purchased for  10,000 wrongly debited to purchase account as  4,000.   (b) Machinery purchased on credit from Raman for  20,000 recorded through Purchases Book as  6,000.  (c) Repairs on machinery  1,400 debited to Machinery account as  2,400.   (d) Repairs on overhauling of second hand machinery purchased  2,000 was debited to Repairs account as  200.   (e) Sale of old machinery at book value  3,000 was credited to sales account as  5,000.