Vital suspense account

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Reference no: EM13904124

Pass diary passages to redress the accompanying blunders expecting the presence of the vital Suspense Account:

 

(i) Goods purchased from Mukesh adding up to Rs. 5,500 was presented on the acknowledge of his record as Rs. 5,000.

 

(ii) Sales book was cloudy by Rs. 10,000.

 

(iii) While conveying forward the aggregate of one page of the Purchases Book to the following, the measure of Rs. 12,350 was composed as Rs. 13,250.

 

(iv) Cartage Rs. 780 paid on hardware recently procured was charged to carriage internal record.

 

(v) Purchases comes back to Shivalker Bros. Rs. 3,100 were not recorded in buys returns book but rather the record of Shivalker Bros. was appropriately charged with the sum.

(vi) Drawings of merchandise costing 300 were not recorded in the books of record.

 

(vii) Whitewashing costs, Rs. 670 were presented from money book on the ostensible record as Rs. 760.

 

Additionally plan Suspense Account beginning it with charge equalization of Rs. 320. Have you any remarks to offer on Anticipation Account?

Reference no: EM13904124

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