The Trial Balance of Mr. Sarvesh Kumar as on 31 st March, 2024 did not tally and the difference was posted to Suspense Account. On a scrutiny of the…

Journal Entries in the Books of Mr. Sarvesh Kumar Particulars L.F. Amount Dr. (₹) Amount Cr. (₹) (i) Returns Inward/ Sales Return A/c Dr. 1,000 To Suspense A/c 1,000 (Being the mistake in totalling the Returns Inward Book corrected) (ii) Machinery A/c Dr. 6,500 To Freight A/c 5,600 To Suspense A/c 900 (Being the freight paid for installation of machinery should have been capitalised and not to be charged to freight Account) (iii) Returns Inward/Sales Return A/c Dr. 2,500 Sales A/c Dr. 2,500 To Suspense A/c 5,000 (Being value of goods returned by a customer wrongly posted to sales and omission of debit to sales returns account, now rectified) (iv) Drawings A/c Dr. 18,000 To Conveyance A/c 18,000 (Being the motorcycle purchased for Mr. Suresh Kumar debited to his Drawings Account instead of Conveyance Account as previously done by mistake) (v) Suspense A/c Dr. 700 To Creditors (personal) A/c 700 (Being the mistake in crediting the creditors account less by - 700, now corrected) (vi) Suspense A/c Dr. 10,000 To Mr. Avinash’s A/c 10,000 (Being cash received for 5,000 wrongly posted to the debit of his account now corrected) (vii) Mr. Alok’s A/c Dr. 2,500 To Ashok’s A/c 2,500 (Being the cheque of Mr. Alok dishonoured, previously debited to Mr. Ashok) (viii) Deepak A/c Dr. 17,000 To Suspense A/c 17,000 (Being the correction of mistake by which the account of Deepak A/c was credited instead of being debited) (ix) Discount A/c Dr. 3,800 To Suspense A/c 3,800 (Being the total of discount allowed during December not posted; error now rectified) (x) Sales A/c Dr. 2,200 To Furniture A/c 2,200 (Being the rectification of mistake by which sales of furniture was entered in sales book and hence now corrected by debiting the sales A/c)