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Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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the CA Foundation exam syllabus. Information about Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? covers all topics & solutions for CA Foundation 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c?.
Solutions for Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? defined & explained in the simplest way possible. Besides giving the explanation of
Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c?, a detailed solution for Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? has been provided alongside types of Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? theory, EduRev gives you an
ample number of questions to practice Trial Balance shows excess credit Rs 380/- which is transferred to suspense Ac. Rectify thefollowing errors by passing necessary Journal entries and show Suspense Account.1. Rs.1,500/- paid for Machinery were debited to Purchase A/c2. Rs.80/-from discount column on payment side has not been posted to Party's A/C3. Total of purchase book added Rs.300/-short4. A credit purchase Rs.4,200/- entered in Sales Book as Rs.2,400/-5. A cheque of Rs.500/- returned dishonoured was posted to debit of Allowance a/ c .This cheque was received from Shri Joshi.(a) What adjustment would be necessary to rectify the error( b) How would these errors affect the net profit?( c) write up Suspense a/c? tests, examples and also practice CA Foundation tests.