230 Suspense A/c

Org: bal: 14,550

NCA Disposal 9,000
Allow: for Rec: 2,600 Cl: Bal: 26,150

26,150 26,150

(A)
(2) Debit - Suspense A/c 9,000
Credit - Disposal A/c 9,000

(3) Allowance for Rec: A/c

1,300 1,300
Step 1 Step 2
1,300
Step 3
Debit - Suspense 2,600
Credit - Allowance for receivable 2,600

231 (C)

232 (A)

233 Suspense A/c

Org: bal: 7,568
Opening Accrual (Rental
Expense) 7,568
(D)

(A) Discount Allowed A/c

3,784 3,784
Step 2 Step 1 Debit - Discount Allowed 7,568
Credit - Suspense 7,568
3,784
Step 3

(B) P.L.C A/c Discount Received

3,784 3,784 3,784
Step 2 Step 1 Step 3
Debit - P.L.C 3,784
Credit - Discount Received 3,784

( D ) Opening Accrual
Debit - Suspense 7,568
Credit - Opening Accrual (Ret Expense) 7,568
 234 Discount Received Discount Allowed
2,800 2,800 2,800
Step 1 Step 2 Step 3
(C)

Rent Payable A/c Rent Received

10,000 10,000 2,800
Step 2 Step 1 Step 3

235 (B)

236 2
Discount Received Discount Allowed
13,000 13,000 13,000
Step 2 Step 1 Step 3

Debit - Discount Received 13,000

Debit - Discount Allowed 13,000
Credit - Suspense 26,000

4
Debit - Plant and machinery 18,000
Credit - Suspense 18,000

(C)

237, 238 1
Debit - Plant 43,200
Credit - Cash 43,200

Debit - Dpereciation 4,320

Credit - Acc: Depreciation 4,320

2
Debit - Bank charges 440
Credit - Cash at Bank 440

3
Debit - Suspense 800
Credit - Payable to director 800

4
Debit - Suspense 10,000
Credit - Cash Book 10,000
237 (B)

238 Profit per question 630,000

Depreciation (4,320)
Bank charges (440)

Profit after correction 625,240

(D)

239 (C)

240 Purchase A/c

4,700 4,700
Step 1 Step 2 Debit - Suspense 700
Credit - Purcahse 700
4,000 (C)
Step 3

241 Suspense A/c ( WH )

Org: bal: 500
Allowance for receivable
Sales 150 840

Cl: Bal: 190

(A)
840 840

Debit - Suspense 150

Credit - Sale 150

Allowance for Rec A/c

420 420
Step 2 Step 1
Debit - Allowance for receivable 840
420 Credit - Suspense 840
Step 3

242 (C)

243 (B)

244 (B)
245 Suspense A/c
Org: bal: 210
(A) Gas 180
Int: Income 70 Dis: allowed 50
Dis: received 50

280 280

1 Gas A/c
240 240
Step 1 Step 2
Debit - Gas 180
420 Credit - Suspense 180
Step 3

2 Discount Received A/c Discount Allowed A/c

50 50 50
Step 2 Step 1 Step 3

Debit - Discout Received 50

Debit - Discout Allowed 50
Credit - Suspense 100
3
Debit - Suspense 70
Credit - Interest Income 70

246 (D)

247 (D)

248 Suspense A/c ( HW )

Org: bal: 1,820
Sundry Inc: 180
Sales 2,800
Cl: Bal: 1,160
2,980 2,980

1 Sundry Income
1,570 1,570
Step 2 Step 1 Debit - Suspense 180
Credit - Sundry Income 180
1,750
Step 3
2 Debit - Suspense 2,800
Credit - Sales 2,800
249 Suspense A/c ( HW )
Org: bal: 1,250
P.L.C 160
R.L.C 450 Cl: Bal: 1,860
1,860 1,860

1 Debit - Suspense 160

Credit - Purchase Ledger Conrol 160

2 Debit - Suspense 450

Credit - Receivable Ledger Conrol 450

250 CA CL
( 1 ) Deposit received 5,000 5,000
from customer
( 2 ) Insurance premium for 6Months (July to Dec 20X8)
Cash (5,000)
Prepayment 2,500
3Months (Oct - Dec)
( 2 ) Loan
Cash 12,000
Loan Interest payable (April - Sep)
12,000 x 5% x 6/12 300
14,500 5,300 ( C )

251 Office Furniture (NCA) Office Expense

15,500 15,500 15,500
Step 3 Step 1 Step 2

Debit - Office Furniture 15,500

Credit - Office Expense 15,500

Debit - Depreciation 700

Credit - Acc: Depreciation 700

Profit per question 57,400

Office Expense 15,500

Depreciation (700)
72,200