Expenses
In taking out a Trial balance, a book-keeper finds that debit total exceeds the credit total by ~ 352. The amount is placed to the credit of a newly opened Suspense Account. Subsequently, the following mistakes were discovered.
You are required to pass the necessary entries for rectifying the mistakes and show the Suspense Account.
(a) Sales Day Book was overcast by ~ 100;
(b) A sale of ~ 50 to Shri Ram was wrongly debited to Sri Krishna;
(c) General expenses ~ 18 was posted as ~ 80;
(d) Cash received from Shri Govind was debited to his account ~ 150;
(e) While carrying forward the total of one page of the Purchases Day Book to the next, the amount of ~ 1,235 was entered as ~ 1,325. [C.A. (Entrance)- Adapted]