Page 141 - DEBK-XI(2020)
P. 141
17.8 Double Entry Book Keeping — CBSE XI
5. A bookkeeper failed to balance his Trial Balance, the credit side exceeding the debit side
by ` 175. This amount was entered in a Suspense Account. Later, the following errors were
discovered:
(i) The total of the credit side of Ramesh’s Account was overcast by ` 100.
(ii) The Discount Received Account had been cast short by ` 100.
(iii) Goods worth ` 100 purchased from Chandra were wrongly entered in the Sales Book.
The account of Chandra was correctly credited.
(iv) The total of the Returns Outward Book amounting to ` 200 was not posted to the Ledger.
(v) A credit balance of ` 755 of the Rent Receivable Account was shown as ` 570.
(vi) Goods worth ` 620 sold to Raj were correctly entered in the Sales Book but posted to
Raj’s Account as ` 260. [Total of Suspense Account—` 660.]
