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प्रश्न
Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were posted to Karan as ₹ 5,000.
(b) Credit purchases from Rohan ₹ 9,000 were posted to the debit of Gobind as ₹ 10,000.
(c) Goods returned to Rakesh ₹ 4,000 were posted to the credit of Naresh as ₹ 3,000.
(d) Goods returned from Mahesh ₹ 1,000 were posted to the debit of Manish as ₹ 2,000.
(e) Cash sales ₹ 2,000 were posted to commission account as ₹ 200.
उत्तर
| Journal | ||||
| S.No. | Particulars | L.F. | Debit Amount ₹ | Credit Amount ₹ |
| (a) | Mohan Dr. | 7,000 | ||
| To Karan | 5,000 | |||
| To Suspense A/c | 2,000 | |||
| (Goods sold to Mohan ₹ 7,000 posted wrongly to Karan's Account as ₹ 5,000, now rectified) | ||||
| (b) | Suspense A/c Dr. | 19,000 | ||
| To Rohan | 9,000 | |||
| To Gobind | 10,000 | |||
| (Goods returned from Rohan ₹ 9,000 posted wrongly to Gobind's Account as ₹ 10,000, now rectified) | ||||
| (c) | Rakesh Dr. | 4,000 | ||
| Naresh Dr. | 3,000 | |||
| To Suspense A/c | 7,000 | |||
| (Goods returned to Rakesh ₹ 4,000 posted wrongly to Naresh's Account ₹ 3,000, now rectified) | ||||
| (d) | Suspense A/c Dr. | 3,000 | ||
| To Mahesh | 1,000 | |||
| To Manish | 2,000 | |||
| (Goods returned from Mahesh ₹ 1,000 posted wrongly to Manish's Account as ₹ 2,000, now rectified) | ||||
| (e) | Commission A/c Dr. | 200 | ||
| Suspense A/c Dr. | 1,800 | |||
| To Sales A/c | 2,000 | |||
| (Cash sales ₹ 2,000 posted wrongly to the Commission Account as ₹ 200, now rectified) | ||||
| Dr. | Suspense Account | Cr. | |||||
| S.No. | Particulars | J.F. | Amount ₹ |
S.No. | Particulars | J.F. | Amount ₹ |
| (b) | Rohan | 9,000 | (a) | Mohan | 2,000 | ||
| Gobind | 10,000 | (c) | Rakesh | 4,000 | |||
| (d) | Mahesh | 1,000 | Naresh | 3,000 | |||
| Manish | 2,000 | ||||||
| (e) | Sales | 1,800 | Balance c/d | 14,800 | |||
| 23,800 | 23,800 | ||||||
APPEARS IN
संबंधित प्रश्न
The difference in trial balance is taken to ______.
Write a note on one-sided errors and two sided errors.
Rectify the following error assuming that the trial balance is yet to be prepared:
Sales returns book was overcast by ₹ 500
Rectify the following error assuming that the trial balance is yet to be prepared:
Purchases book was undercast by ₹ 600
Rectify the following error assuming that the trial balance is yet to be prepared:
Purchases returns book was overcast by ₹ 700
Rectify the following journal entry.
| Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Kumanan A/c Dr. To Cash A/c (Salary paid to Kumanan) |
10,000 |
10,000 |
Rectify the following journal entry.
| Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Cash A/c Dr. To Kumararaja A/c (Goods sold to Kumararaja for cash) |
10,000 |
10,000 |
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:
(i) Credit sales to Mohan ₹ 7,000 were not recorded.
(ii) Credit purchases from Rohan 9,000 were not recorded.
(iii) Goods returned to Rakesh ₹ 4,000 were not recorded.
(iv) Goods returned from Mahesh ₹ 1,000 were not recorded.
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 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.
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:
- 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:
- 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.
