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प्रश्न
Rectify the following errors:
(a) Depreciation provided on machinery ₹ 4,000 was not posted.
(b) Bad debts written off ₹ 5,000 were not posted.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted.
(d) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount account.
(e) Bill receivable for ₹ 2,000 received from a debtor was not posted.
उत्तर
| Journal Entries | ||||
| S.No. | Particulars | L.F. | Debit Amount ₹ | Credit Amount ₹ |
| (a) | Depreciation A/c ...Dr. | 4,000 | ||
| To Machinery A/c | 4,000 | |||
| (Depreciation on machinery was not posted, now rectified) | ||||
| (b) | Bad debts A/c ...Dr. | 5,000 | ||
| To Debtors A/c | 5,000 | |||
| (Bad debts written off were not posted, now rectified) | ||||
| (c) | Discount Allowed A/c ...Dr. | 100 | ||
| To Debtors A/c | 100 | |||
| (Discount allowed to debtors was not posted, now rectified) | ||||
| (d) | Discount Allowed A/c ...Dr. | 100 | ||
| To Suspense A/c | 100 | |||
| (Discount allowed to debtors was not posted in Discount Account, now rectified) | ||||
| (e) | Bills Receivable A/c ...Dr. | 2,000 | ||
| To Debtors A/c | 2,000 | |||
| (Bill receivable received from debtor was not posted, now rectified) | ||||
APPEARS IN
संबंधित प्रश्न
The difference in trial balance is taken to ______.
What is meant by the rectification of errors?
Rectify the following error assuming that the trial balance is yet to be prepared:
Sales returns book was overcast by ₹ 500
What is a suspense account? Is it necessary that is suspense account will balance off after rectification of the errors detected by the accountant? If not, then what happens to the balance still remaining in suspense account?
Rectify the following errors:
(a) Sales book undercast by ₹ 300.
(b) Purchases book undercast by ₹ 400.
(c) Return inwards book undercast by ₹ 200.
(d) Return outwards book undercast by ₹ 100.
Rectify the following errors assuming that a suspense account was opened. As certain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were posted to the credit of his account.
(b) Credit purchases from Rohan ₹ 9,000 were posted to the debit of his account as ₹ 6,000.
(c) Goods returned to Rakesh ₹ 4,000 were posted to the credit of his account.
(d) Goods returned from Mahesh ₹ 1,000 were posted to the debit of his account as ₹ 2,000.
(e) Cash sales ₹ 2,000 were posted to the debit of sales account as ₹ 5,000.
Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Furniture purchased for ₹ 10,000 wrongly debited to purchase account as ₹ 4,000.
(b) Machinery purchased on credit from Raman for ₹ 20,000 recorded through Purchases Book as ₹ 6,000.
(c) Repairs on machinery ₹ 1,400 debited to Machinery account as ₹ 2,400.
(d) Repairs on overhauling of second hand machinery purchased ₹ 2,000 ₹ 200.
(e) Sale of old machinery at book value ₹ 3,000 was credited to sales account as ₹ 5,000.
Trial balance of Madan did not agree and he put the difference to suspense account. He discovered the following errors:
(a) Sales return book overcast by ₹ 800.
(b) Purchases return to ₹ 2,000 was not posted.
(c) Goods purchased on credit from ₹ 4,000 though taken into stock, but no entry was passed in the books.
(d) Installation charges on new machinery purchased ₹ 500 were debited to sundry expenses account as ₹ 50.
(e) Rent paid for residential accommodation of madam (the proprietor) ₹ 1,400 was debited to rent account as ₹ 1,000.
Give journal entries to rectify the following errors assuming that suspense account had been opened.
(a) Goods distributed as free sample ₹ 5,000 were not recorded in the books.
(b) Goods withdrawn for personal use by the proprietor ₹ 2,000 were not recorded in the books.
(c) Bill receivable received from a debtor ₹ 6,000 was not posted to his account
(d) Total of returns inwards book ₹ 1,200 was posted to Returns outwards account.
(e) Discount allowed to ₹ 700 on receiving cash from her was recorded in the books as ₹ 70.
Trial balance of Khatau did not agree. He put the difference to suspense account and discovered the following errors:
(a) Credit sales to ₹ 16,000 were recorded in the purchases book as ₹ 10,000 and posted to the debit of ₹ 1,000.
(b) Furniture purchased from Noor ₹ 6,000 was recorded through purchases book as ₹ 5,000 and posted to the debit of Noor ₹ 2,000.
(c) Goods returned to ₹ 3,000 recorded through the Sales book as ₹ 1,000.
(d) Old machinery sold for ₹ 2,000 to Maneesh recorded through sales book as ₹ 1,800 and posted to the credit of Manish as ₹ 1,200.
(e) Total of Returns inwards book ₹ 2, 800 posted to Purchase account.
Rectify the following errors:
- Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
- Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
- Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
- Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.
Rectify the following errors:
- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase return book overcast by ₹ 200.
Rectify the following errors:
- Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
- Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
- Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
- Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.
Rectify the following errors:
- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase return book overcast by ₹ 200.
Rectify the following errors:
- Credit sales to Mohan (₹) 7,000 were recorded as (₹) 700.
- Credit purchases from Rohan (₹) 9,000 were recorded as (₹) 900.
- Goods returned to Rakesh (₹) 4,000 were recorded as (₹) 400.
- Goods returned from Mahesh (₹) 1,000 were recorded as (₹)100.
Rectify the following errors:
- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase return book overcast by ₹ 200.
Rectify the following errors:
- Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
- Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
- Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
- Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.
Rectify the following errors:
- Sales book overcast by ₹700.
- Purchases book overcast by ₹500.
- Sales return book overcast by ₹300.
- Purchase return book overcast by 200.
Rectify the following errors:
- Sales book overcast by ₹ 700.
- Purchases book overcast by ₹ 500.
- Sales return book overcast by ₹ 300.
- Purchase returns book overcast by ₹ 200.
