Q.Rectify the following errors and ascertain the amount of difference in trial balance by preparing suspense account:
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Each transaction was posted to the right account but for the wrong amount — a one-sided error rectified against Suspense. The Suspense A/c shows an opening credit balance of ₹5,800, matching a trial balance that was ₹5,800 excess on the debit side.
Concept & treatment. Only the individual (personal/nominal) posting is wrong in amount; the subsidiary-book total is assumed correct, so the error is one-sided. We adjust each account by the difference between the correct and the posted amount, contra to Suspense — increasing an under-posted balance or reducing an over-posted one.
Rectifying journal entries
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
|---|---|---|---|---|
| (a) | Suspense A/c Dr. | 2,000 | ||
| To Mohan A/c | 2,000 | |||
| (b) | Suspense A/c Dr. | 3,000 | ||
| To Rohan A/c | 3,000 | |||
| (c) | Suspense A/c Dr. | 1,000 | ||
| To Rakesh A/c | 1,000 | |||
| (d) | Mahesh A/c Dr. | 2,000 | ||
| To Suspense A/c | 2,000 | |||
| (e) | Suspense A/c Dr. | 1,800 | ||
| To Sales A/c | 1,800 |
Suspense Account
| Particulars | Amount (₹) | Particulars | Amount (₹) |
|---|---|---|---|
| To Mohan A/c | 2,000 | By Balance b/d (difference) | 5,800 |
| To Rohan A/c | 3,000 | By Mahesh A/c | 2,000 |
| To Rakesh A/c | 1,000 | ||
| To Sales A/c | 1,800 | ||
| Total | 7,800 | Total | 7,800 |
Working Notes
- (a) Mohan over-debited by 9,000 − 7,000 = ₹2,000 → credit Mohan 2,000, debit Suspense. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.