Trial balance of Madan did not agree and he put the difference to suspense account. He discovered
Channel: Doubtnut
Date: 2021-11-10

Trial balance of Madan did not agree and he put the difference to suspense account. He discovered the following errors:  (a) Sales return book overcast by  800.  (b) Purchases return to Sahu  2,000 were not posted.   (c) Goods purchased on credit from Narula  4,000 though taken into stock, but no entry was passed in the books. (d) Installation charges on new machinery purchased  500 were debited to sundry expenses account as  50.