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 ?

What will be the effect on Trial Balance if Rs. 5,000 received as rent and correctly entered in the cash are not posted to Rent Account ?

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.]

A machine is purchased for Rs. 10,000 which was wrongly recorded in purchase account. Due to this error …….

Pass the Journal entries to rectify the following errors, using Suspense Account: (i) Goods of the value of Rs. 2,000 returned by Verma were entered in the Sales Book and posted therefrom to the credit of his account. An amount of Rs. 3,000 entered in the Sales Return Book has been posted to the debit of Sharma, who returned the goods. A sale of Rs. 2,000 made to Mohan was correctly entered in the Sales Book but wrongly posted to the debit of Sohan as Rs. 200.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance. (a) Credit sales to Mohan 7,000 were posted to the credit of his account. (b) Credit purchases from Rohan 9,000 were posted to the debit of his account as 6,000. (c) Goods returned to Rakesh 4,000 were posted to the credit of his account. (d) Goods returned from Mahesh 1,000 were posted to the debit of his account as 2,000. (e) Cash sales 2,000 were posted to the debit of sales account as 5,000.

Pass the rectifying entries for the following: (i) Sales of goods Rs. 6,000 to Madan were recorded as Rs. 600 in the Sales Book. (ii) Credit purchase of goods from Mohan amounting to Rs. 2,000 has been wrongly passed through the Sales Book. (iii) Return of goods worth Rs. 500 by a customer was entered in 'Purchases Return Book'. (iv) Cheque of Rs. 400 received from Ranjan was dishonoured and debited to the Discount Account. (v) Bill for Rs. 820 received from Ramesh for repair of machinery was entered in the Purchases Book as Rs. 720.

Rectify the following errors by passing Journal entries: (i) A sum of Rs. 470 received from Ganga was posted to her debit as Rs. 740. (ii) A debit balance of Rs. 550 in the personal account of Mr. John was undercast. (iii) Bills Receivable from Brown for Rs. 3,000 posted to the credit of Bills Payable Account and credited to Brown's Account. (iv) Goods returned by Mridual Rs. 225 have been entered in the Return Outward Book.