Question

Mr. Murali’s trial balance showed a difference of Rs. 5,500 on the credit side. The following errors were revealed from the books of account.

• The purchase of books were overcast by Rs. 3000.
• The salary paid to Renjith Rs. 7000 has been posted twice.
• Received from Manu Rs. 5000 has been credited Rs. 500.
• Prepare a suspense account.

Answer 1

suspance A/c

Particulars	Amount	Particulars	Amount
Purchases	3,000	Difference in Trial balance	5,500
Salary	7,000	Manu	4,500
	10,000		10,000