[CBSE] Q 32 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Share your love

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:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 5475

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh