There was a difference of Rs. 720 in the Trial Balance which has been transferred to the credit side of the Suspense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:
(i) An amount of Rs. 375 now posted on the debit side of the Commission Account instead of Rs. 275.
(ii) Credit amount of Rs. 260 posted to the debit of the Personal Account as Rs. 360.
(iii) Goods sold to Surinder recorded in Purchases Book Rs. 300.
(iv) D's bill for erection of godown at a cost of Rs. 1,200 has been charged to the Repairs Account.
[Total of Suspense Account-Rs. 720.]

What will be the effect on Trial Balance if a purchase return of Rs. 5,000 has been wrongly posted to the debit of Sales Return Account but correctly entered in the Customer's Account ?

A Trial Balance disclosed a difference of Rs. 417 placed on the credit side of the Suspense Account. Later on the following errors were located: (i) Goods worth Rs. 200 purchased from Sohan had been posted to his account as Rs. 250. (ii) A purchase of furniture for Rs. 500 was recorded in the Purchases Book. (iii) Instead of crediting Gian's Account with Rs. 512, it was debited with Rs. 215. (iv) Goods worth Rs. 130 returned by Gian were entered in the Sales Book and posted therefrom to the credit of Gian's Personal Account. Pass the rectifying entries and prepare a Suspense Account. [Total of Suspense Account-Rs. 727.]

Rectify the following errors: (i) Sales to Vinod of Rs. 143 posted to his account as Rs. 134. (ii) Sales to Vinod of Rs. 143 debited to his account as Rs. 134. (iii) Sales to Vinod of Rs. 143 credited to his account as Rs. 134. [Hints: (i) Vinod Dr. Rs. 9, (ii) Vinod Dr. Rs. 9 and (iii) Vinod Dr. Rs 277.]

Rectify the following errors assuming that there is no Suspense Account: (i) Salary of Rs. 5,000 paid to Rahul was not posted to Salaries Account. (ii) Sales to Amrish of Rs. 1,430 posted to his account as Rs. 2,740. (iv) Purchases from Pal of Rs. 1,430 posted to his account as Rs. 1,340.

There was an error in the Trial Balance of Ram Gopal on 31st March, 2018 and the difference in books was carried to the Suspense Account. On going through the books, you find that: (i) Rs. 540 received from Mayank was posted to the debit side of his account. (ii) Rs. 100 being purchases return was posted to the debit of the Purchase Account. (iii) Discount of Rs. 300 received was posted to the debit of the Discount Account. (iv) Rs. 374 paid for motor car repairs was debited to the Motor Car Account as Rs. 174. (v) Rs. 400 paid to Naman was debited to the account of Manan. Pass the Journal entries to rectify the above errors and state what amount was carried to the Suspense Account. [Suspense Account opened with a Credit of Rs. 1,680.]

There was a difference in the Trial Balance of M/s. Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account. The following errors were found: (i) Purchases Return Book total Rs. 400 has not been posted to Ledger Account. (ii) Rs. 5,100 spent on legal expense for the newly acquired Building was debited to the Building Account as Rs. 1,500. (iii) A sale of Rs. 6,540 to Rajat has been credited to his account. Rectify the errors and show the Suspense Account with Nil closing balance.

Trial Balance of a bookeeper shows an excess of debits over credits by Rs. 261. This difference is placed in a Suspense Account to facilitate books closure. Later on the following errors were discovered: (i) A credit item of Rs. 349 has been debited to a Personal Account as Rs. 439. (ii) A sum of Rs. 625 written off from fixtures as depreciation has not been posted to the Depreciation Account. (iii) Rs. 9,000 paid for furniture bought have been charged to the Purchases Account. (iv) A discount allowed to a customer has been charged to the Purchases Account. (iv) A discount allowed to a customer has been credited to him as Rs. 145 in place of Rs. 154. (v) A sale of Rs. 594 was posted as Rs. 495 in the Sales Account. (vi) The total of Returns Inward Book has been added Rs. 10 short. Pass the Journal entries to correct these errors and prepare the Suspense Account. [Total of Suspense Account-Rs. 896.]