AccountancyCLASS 11CBSE
answered 23 Jun 2026Trial balance of Kailash did not agree. He put the difference to suspense account. The following errors were discovered: Goods withdrawn by kailash for personal use Rs. 500 were not recorded in the books. Discount allowed to Ramesh Rs. 60 on receiving Rs. 2040 from him was not recorded in the books. Discount received to Ramesh Rs. 50 on playing Rs. 3250 to him was not posted at all . Rs. 700 received from Khalil, a debtor, whose account had earlier been written off as bad, were credited to his personal account. Cash received from Govil,, a debtor, Rs. 5000 was posted to his account as Rs. 500. Goods returned to Mahesh Rs. 700 were posted to his account as Rs. 70. Bill receivable from Narayan Rs. 1,000 was dishonored and wrongly debited to allowance account as Rs. 10,000. Give journal entries to rectify the above and prepare suspense account to ascertain the amount of difference in Trial balance.
A.VERIFIED ANSWERfact-checked by tutors
i)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Drawing A/c To Purchase A/c (Goods withdrawn by proprietor for personal use not recorded now rectified). | 500 | 500 | |
ii)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Discount allowed A/c To Ramesh A/c (Discount allowed to Ramesh not recorded, now rectified) | 60 | 60 | |
iii)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Rohan,s A/c To Discount received A/c (Discount received from Rohan not posted, now corrected) | 50 | 50 | |
iv)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Khalil’s A/c To Bad debts recovered A/c (Bad debts recovered wrongly credited to debtor’s personal account , now corrected) | 700 | 700 | |
v)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Suspense A/c To Govil’s A/c (Cash received from Govil Rs. 5,000 wrongly posted to his account as Rs. 500) | 4500 | 4500 | |
vi)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Mahesh’s A/c To suspense A/c (Goods returned to Mahesh Rs. 700 wrongly posted to his account as Rs. 70, Now corrected) | 630 | 630 | |
vii)
| Particulars | L.F | Dr. Amount | Cr. Amount |
| Narayan’s A/c Suspense A/c To Allowances A/c (Bill receivable form Narayan Rs. 1,000 wrongly debited to allowances account as Rs. 10,000) | 1,000 9,000 | 10,000 | |
Dr. Cr.
| Date | Particular | L.F | Amount | Date | Particular | L.F | Amount |
| Govil Allowances | 4500 9000 | Mahesh Difference as per trial balance | 630 12870 | ||||
| 13500 | 13500 |