[CBSE] Q 40 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Are you looking for the solution to Question number 40 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

There was a differnece of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Suspense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:

(i) An amount of ₹ 375 now posted on the debit side of the Commission Account instead of ₹ 275.

(ii) Credit amount of ₹ 260 posted to the debit of the Personal Account as ₹ 360.

(iii) Goods sold to Surinder recorded in Purchases Book ₹ 300.

(iv) D’s Bill for erection of godown at a cost of ₹ 1,200 has been charged to the Repairs Account.

[Total of Suspense Account – ₹ 720.]

Solution:-