Business, 10.01.2021 07:40 hanz73

Rectify the following errors identified in the books of Shyam. The Trial Balance showed ₹ 875 as an excess debit.

a. The total of debit side of Expenses account been cast in excess of ₹575.

b. Paid electricity bill of the proprietor’s residence was debited to

Electricity expenses ₹1,050.

c. An amount of ₹ 150 entered in sales return book has been posted to the

debit of Verma, who returned the goods.

Pass journal entries for correcting the above transactions and prepare

Suspense Account.
PLEASE ANSWERRR

Answers: 1

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Rectify the following errors identified in the books of Shyam. The Trial Balance showed ₹ 875 as an...