[CBSE] Q 32 solution Rectification of Errors TS Grewal Class 11 (2022-23)
Are you looking for the solution to Question number 32 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?
There was a difference in the Trial Balance of M/s. Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account.
The following errors were found:
(i) Purchases Return Book total ₹ 400 has not been posted to Ledger Account.
(ii) ₹ 5,100 spent on legal expense for the newly acquired Building was debited to the Building Account as ₹ 1,500.
(iii) A sale of ₹ 6,540 to Rajat has been credited to his account.
Rectify the errors and show the Suspense Account with Nil closing balance.
Solution:-
