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On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.?.

Solutions for On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? 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 On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? defined & explained in the simplest way possible. Besides giving the explanation of On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.?, a detailed solution for On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? has been provided alongside types of On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? theory, EduRev gives you an ample number of questions to practice On 31st March, 20X2, a book-keeper finds the difference in the Trial Balance and he puts it in the Suspense Account, Later on he detects the following errors: (I) Rs. 50,000 received from A was posted to the debit of his Account. (II) Rs. 20,000 being purchases returns were posted to the debit of Purchases Account. (iii) Discount of Rs. 8,000 received were posted to the debit of Discount Account. (iv) Rs. 9,060 paid for repairs of Motor Car was debited to Motor Car Account as Rs. 7,060. (v) Rs. 40,000 paid to B was debited to A’s Account. Required: Give Journal Entries to rectify the above errors and ascertain the amount transferred to Suspense Account on 31st March, 20X2 by showing the Suspense Account, assuming that the Suspense Account is balanced after the above corrections.? tests, examples and also practice UPSC tests.