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 ?

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 ?

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.

Correct the following errors in Hari's Books: (i) Credit sale of Rs. 132 to R. Krishan correctly entered in Sales Journal but posted to his account as Rs. 312. (ii) The total of the credit side of Ramesh's Account was overcasted by Rs. 2,000. (iii) Total of the Purchases Journal of Rs. 5,250 has been posted to Purchases Account as Rs. 5,205. (iv) Printer purchased from R. Ltd. for Rs. 4,000 on credit was entered in the Purchases Book. (v) An item of Rs. 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance. (a) Depreciation provided on machinery 4,000 was not posted to Depreciation account. (b) Bad debts written-off  5,000 were not posted to Debtors account. (c) Discount allowed to a debtor 100 on receiving cash from him was not posted to discount allowed account. (d) Goods withdrawn by proprietor for personal use 800 were not posted to Drawings account. (e) Bill receivable for 2,000 received from a debtor was not posted to Bills receivable account.

Pass the rectifying entries for the following transactions: (i) An amount of Rs. 2,000 received from Mohan on 1st April, 2019 had been entered in the Cash Book as having been received on 31st March, 2019. (ii) The balance in the account of Rahim Rs. 1,000 had been written off as bad but no other account has been debited. (iii) An addition in the Return Inward Book had been cast Rs. 100 short. (iv) A cheque for Rs. 200 drawn for the Petty Cash Account has been posted in the account of Asif. (v) A discounted Bill of Exchange for Rs. 20,000 returned by the firm's bank had been credited to the Bank Account and debited to Bills Receivable Account. A cheque was received later from the customer for Rs. 20,000 and duly paid. [Hint: (v) Dr. Customer's A/c and Cr. Bills Receivable A/c by Rs. 20,000.]

The Trial Balance of M/s. Gupta & Sons shows a difference of Rs. 52,200. To prepare the Final Account on 31st March, 2019, this difference is placed in a Suspense Account. Afterwards the following errors were disclosed. Pass the necessary entries to rectify them and show the Suspense Account. (i) Purchases Book total had been undercasted by Rs. 20,000. (ii) A cheque received from Vasudev for Rs. 7,800 had been debited in the Cash Book but not posted in vasudev's Personal Account. (iii) Returns Outward Book had been overcasted by Rs. 10,000. (iv) Goods returned by Yash Pal worth Rs. 15,000 have been entered in Returns Outward Book. However, Yash Pal's Account is correctly posted.

Correct the following errors in Mohan Lal's Book: (i) A payment of Rs. 5,000 for salaries (to Mr. Ram) has been posted twice to the salaries Account. (ii) Rs. 750 received from Rajesh are entered on the debit side of the Cash Book. No posting was done in Rajesh's Account. (iii) Sales Book was overcasted by Rs. 3,000. (iv) Goods (Cost Rs. 2,000, sales Price Rs. 2,500) distributed as samples among prospective customers were not recorded anywhere. (v) A sum of Rs. 1,500 written off as depreciation of furniture was not debited to Depreciation Account.

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.