CA Foundation Exam  >  CA Foundation Questions  >  The total of debut and credit side of Mr.Raja... Start Learning for Free
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?
Most Upvoted Answer
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.
Explore Courses for CA Foundation exam
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?
Question Description
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev