Question Description
23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings?.

Solutions for 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? defined & explained in the simplest way possible. Besides giving the explanation of 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings?, a detailed solution for 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? has been provided alongside types of 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? theory, EduRev gives you an ample number of questions to practice 23. A Trader putting the difference in the Trial Balance in a Suspense Account, prepare Final Account. On subsequent scruting the following errors were detected. Rectify them.(a) Retum Inward Book was overcast by 300.(b) 200 being the total of the discount column on the debit side of the Cash Book was not posted in General Ledger.(c) 8,000 being the cost of Office Equipment was entered in the Purchase Account.(d) A credit purchase of 870 was wrongly posted as 780 to the Supplier's Account in the Bought Ledger.(e) Closing Stock was understated by ₹ 3,500 being casting errors in the schedule of inventory.show the journal entry and workings? tests, examples and also practice UPSC tests.