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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. - Accountancy

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Question

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.

Journal Entry

Solution

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
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Rectification of Errors
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Chapter 6: Trial Balance and Rectification of Errors - Numerical Questions [Page 219]

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NCERT Accountancy - Financial Accounting 1 [English] Class 11
Chapter 6 Trial Balance and Rectification of Errors
Numerical Questions | Q 12 | Page 219

RELATED QUESTIONS

What is meant by the rectification of errors?


Rectify the following error discovered before the preparation of the trial balance:

Purchases returns book was overcast by ₹ 200


Rectify the following error assuming that the trial balance is yet to be prepared:

Sales book was undercast by ₹ 400


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 journal entry.

Particulars L.F. Dr. (₹) Cr. (₹)
Senguttuvan A/c      Dr.
    To Cash A/c
(Rent paid to Senguttuvan)
  6,000

6,000


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


Rectify the following journal entry.

Particulars L.F. Dr. (₹) Cr. (₹)
Manimaran A/c      Dr.
    To Purchases A/c
(Goods taken by the proprietor Mr. Manimaran for his personal use)
  1,000

1,000


Rectify the following errors:
(i) Credit sales to Mohan ₹ 7,000 were recorded as ₹ 7,200.
(ii) Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 9,900.
(iii) Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 4,040.
(iv) Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 1,600.


Rectify the following errors:
(a) Salary paid ₹ 5,000 was debited to employee’s personal account.
(b) Rent paid ₹ 4,000 was posted to landlord’s personal account.
(c) Goods withdrawn by proprietor for personal use ₹ 1,000 were debited to sundry expenses account.
(d) Cash received from Kohli ₹ 2,000 was posted to Kapur’s account.
(e) Cash paid to Babu ₹ 1,500 was posted to Sabu’s 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 and ascertain the amount of difference in trial balance by preparing suspense account:
(a) Credit sales to Mohan ₹ 7,000 were not posted
(b) Credit purchases from Rohan ₹ 9,000 were not posted.
(c) Goods returned to Rakesh ₹ 4,000 were not posted.
(d) Goods returned from Mahesh ₹ 1,000 were not posted.
(e) Cash paid to Ganesh ₹ 3,000 was not posted.
(f) Cash sales ₹ 2,000 were not posted.


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:
(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.


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.


Rectify the following errors:

  1. Credit sales to Mohan (₹) 7,000 were recorded as (₹) 700.
  2. Credit purchases from Rohan (₹) 9,000 were recorded as (₹) 900.
  3. Goods returned to Rakesh (₹) 4,000 were recorded as (₹) 400.
  4. Goods returned from Mahesh (₹) 1,000 were recorded as (₹)100.

Rectify the following errors:

  1. Sales book overcast by ₹700. 
  2. Purchases book overcast by ₹500. 
  3. Sales return book overcast by ₹300. 
  4. Purchase return book overcast by  200.

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