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Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.?
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Rectify the following errors identified in the books of Dutt and also ...
Rectification of Errors in Dutt's Books and Preparation of Suspense Account
Trial Balance Difference and Placement in Suspense Account
The Trial Balance did not match and showed an excess credit of Rs 14,930. To rectify this error, the difference was placed in a suspense account.
Rectification of Error a
An amount of Rs 100 was received from Das on 31st March 2019 but was entered in the cash book on 4th April 2019. This error can be rectified by making the following journal entry:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
31-Mar-19 | Das A/c | | 100 |
4-Apr-19 | Cash A/c | | | 100
The above entry debits the personal account of Das and credits the cash account.
Rectification of Error b
The Return Inward book for December was shortcasted by Rs 1000. To rectify this error, the following journal entry can be made:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
31-Dec-19 | Return Inward A/c | | 1000 |
Suspense A/c | | | 1000
The above entry debits the Return Inward account and credits the suspense account.
Rectification of Error c
The purchase of an office table for Rs 3,000 was passed through the purchases book. To rectify this error, the following journal entry can be made:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
Purchases A/c | | 3000 |
Suspense A/c | | | 3000
The above entry debits the purchases account and credits the suspense account.
Preparation of Suspense Account
Suspense account is a temporary account used to hold the difference in the trial balance until the errors are rectified. The suspense account is closed once all the errors are corrected. The suspense account for the above errors can be prepared as follows:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Cash book error a | | 100 |
| Return Inward error b | | | 1000
| Purchase error c | | | 3000
| Balance c/d | | 13930 |
| | | 15030 | 15030
The above suspense account shows the three errors and the balance of Rs 14,930. Once the errors are rectified, the suspense account will be closed by transferring the balance to the appropriate accounts.
Trial Balance Difference and Placement in Suspense Account
The Trial Balance did not match and showed an excess credit of Rs 14,930. To rectify this error, the difference was placed in a suspense account.
Rectification of Error a
An amount of Rs 100 was received from Das on 31st March 2019 but was entered in the cash book on 4th April 2019. This error can be rectified by making the following journal entry:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
31-Mar-19 | Das A/c | | 100 |
4-Apr-19 | Cash A/c | | | 100
The above entry debits the personal account of Das and credits the cash account.
Rectification of Error b
The Return Inward book for December was shortcasted by Rs 1000. To rectify this error, the following journal entry can be made:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
31-Dec-19 | Return Inward A/c | | 1000 |
Suspense A/c | | | 1000
The above entry debits the Return Inward account and credits the suspense account.
Rectification of Error c
The purchase of an office table for Rs 3,000 was passed through the purchases book. To rectify this error, the following journal entry can be made:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
Purchases A/c | | 3000 |
Suspense A/c | | | 3000
The above entry debits the purchases account and credits the suspense account.
Preparation of Suspense Account
Suspense account is a temporary account used to hold the difference in the trial balance until the errors are rectified. The suspense account is closed once all the errors are corrected. The suspense account for the above errors can be prepared as follows:
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Cash book error a | | 100 |
| Return Inward error b | | | 1000
| Purchase error c | | | 3000
| Balance c/d | | 13930 |
| | | 15030 | 15030
The above suspense account shows the three errors and the balance of Rs 14,930. Once the errors are rectified, the suspense account will be closed by transferring the balance to the appropriate accounts.
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Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.?
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Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.?.
Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.?.
Solutions for Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? in English & in Hindi are available as part of our courses for Class 11.
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Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.?, a detailed solution for Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? has been provided alongside types of Rectify the following errors identified in the books of Dutt and also prepare the suspense account. The Trial Balance did not match, Rs 14,930 being in excess credit. The difference was placed in suspense account. a. An amount of Rs 100 was received from Das on 31st March, 2019 but was entered in the cash book on 4th April, 2019. b. Return inward book for December was shortcasted by Rs 1000. c. Purchase of an office table for Rs 3,000 was passed through the purchases book.? theory, EduRev gives you an
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