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The total of debut and credit side of Mr.Raja Ram as on 31"march ,2010 were Rs, 20000 and Rs. 10000 respectively , the difference was transferred to suspense A|c , On 4th april 2010, it was found that the total of sales book was carried forward as 5000 instead of 4000 .The balance of suspense A/c alter rectification of this error will be?
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The total of debut and credit side of Mr.Raja Ram as on 31"march ,2010...
Balance of Suspense Account after Rectification

Debit side of Mr. Raja Ram = Rs. 20,000
Credit side of Mr. Raja Ram = Rs. 10,000

Difference transferred to Suspense Account = Rs. 10,000

Error Correction

Total of Sales Book carried forward as Rs. 5,000 instead of Rs. 4,000.

Rectification Entry

Debit: Suspense Account Rs. 1,000 (10,000 - 9,000)
Credit: Sales Account Rs. 1,000 (5,000 - 4,000)

Balance of Suspense Account after Rectification

Debit side of Suspense Account = Rs. 9,000 (10,000 - 1,000)
Credit side of Suspense Account = Rs. 0

Therefore, the balance of Suspense Account after rectification of the error will be Rs. 9,000.

Explanation

The total of debit and credit side of Mr. Raja Ram should be equal. However, in this case, there is a difference of Rs. 10,000, which is transferred to the Suspense Account. Later, it was found that there was an error in the Sales Book, where the total was carried forward as Rs. 5,000 instead of Rs. 4,000. To rectify this error, we debit the Suspense Account and credit the Sales Account with Rs. 1,000. After rectification, the balance of Suspense Account will be Rs. 9,000, which means that there is still a difference of Rs. 9,000 that needs to be identified and corrected.
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The total of debut and credit side of Mr.Raja Ram as on 31"march ,2010 were Rs, 20000 and Rs. 10000 respectively , the difference was transferred to suspense A|c , On 4th april 2010, it was found that the total of sales book was carried forward as 5000 instead of 4000 .The balance of suspense A/c alter rectification of this error will be?
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