Question No 28 Chapter No 16 - USHA Publication 11 Class

Question No 28 Chapter No 16

Table of Contents

The solution of Question No 28 Chapter No 16:-

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Credit Balance in Suspense Account

28. The following mistakes were located in the book of concern after it closed the account books and a suspense Account was opened in order to get the trial balance agreed

Sales day book was overcast by Rs 100
A sale of Rs 50 to X was wrongly debited to Y
General expenses of Rs 18 was posted in Gernal Ledger as Rs 80
A bill Receivable for Rs 155 was passed through Bills Payable Book. The bill was given by Anjum Saeed
A sum of Rs 119 paid for legal expenses paid to Tahir Zaman was debited to his personal account
Cash received from C.Das was debited to G.Das Rs 150
While carrying forward the total of one page of the pass book to the next, the amount of Rs 1,235 was written as Rs 1, 325

The solution of Question No 28 Chapter No 16:-

Journal
Date	Particulars		L.F.	Debit	Credit

(a)	Sale A/c	Dr.		100
	To Suspense A/c				100
	(Being sale book over cost now corded.)

(b)	X A/c	Dr.		50
	To Y A/c				50
	(Being sale to X, wrongly debited to Y, corrected.)

(c)	Suspense A/c	Dr.		62
	To General Expenses A/c				62
	(Being expenses Rs 18 wrongly posted Rs 80 now corded.)

(d)	Bill Payable A/c	Dr.		155
	Bill Receivable A/c	Dr.		155
	To Purchases A/c				310
	(Being B/R being treated as B/P now corrected.)

(e)	Legal Expenses A/c	Dr.		119
	To Drafty A/c				119
	(Being legal expenses paid wrongly debited in personal account now corded.)

(f)	Supplier’s A/c	Dr.		300
	To G.Das A/c				150
	To C. Das A/c				150
	(Being bad debts recovered wrongly credited in debtors account now corded.)

(g)	Suspense A/c	Dr.		90
	To Purchases A/c				90
	(Being wrong carry forward in purchase book now corded.)

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Suspense A/c					Cr.
Particulars	J.F.	Amount	Particulars	J.F.	Amount
To General Ex A/c		62	By Sale A/c		100
To C. Das A/c		150	By Balance C/d		352
To G. Das A/c		150
To Purchases A/c		90

		452			452