Trial Balance of a bookeeper shows an excess of debits over credits by Rs. 261. This difference
Channel: Doubtnut
Date: 2020-03-29

Trial Balance of a bookeeper shows an excess of debits over credits by Rs. 261. This difference is placed in a Suspense Account to facilitate books closure. Later on the following errors were discovered: (i) A credit item of Rs. 349 has been debited to a Personal Account as Rs. 439. (ii) A sum of Rs. 625 written off from fixtures as depreciation has not been posted to the Depreciation Account. (iii) Rs. 9,000 paid for furniture bought have been charged to the Purchases Account. (iv) A discount allowed to a customer has been charged to the Purchases Account. (iv) A discount allowed to a customer has been credited to him as Rs. 145 in place of Rs. 154. (v) A sale of Rs. 594 was posted as Rs. 495 in the Sales Account. (vi) The total of Returns Inward Book has been added Rs. 10 short. Pass the Journal entries to correct these errors and prepare the Suspense Account. [Total of Suspense Account-Rs. 896.]