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Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.(a) Depreciation provided on machinery ₹ 4,000 was not posted to - Accountancy

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Question

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Depreciation provided on machinery ₹ 4,000 was not posted to Depreciation account.
(b) Bad debts written-off ₹ 5,000 were not posted to Debtors account.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount allowed account.
(d) Goods withdrawn by proprietor for personal use ₹ 800 were not posted to Drawings account.
(e) Bill receivable for ₹ 2,000 received from a debtor was not posted to Bills receivable account.

Journal Entry

Solution

Journal
S.No. Particulars L.F. Debit Amount ₹ Credit Amount ₹
(a) Depreciation A/c Dr.    4,000  
   To Suspense A/c      4,000
(Depreciation on machinery was not posted to Depreciation Account, now rectified)      
(b) Suspense A/c Dr.    5,000  
   To Debtors A/c To Debtors A/c      5,000
(Bad debts written off were not posted to Debtors Account, now rectified)      
(c) Discount Allowed A/c Dr.     100  
   To Suspense A/c     100
(Discount allowed to customers was not posted to Discount Allowed Account, now rectified)      
(d) Drawings A/c Dr.     800  
   To Suspense A/c     800
(Goods withdrawn by proprietors were not posted to Drawings Account, now rectified)      
(e) Bills Receivable A/c Dr.     2,000  
   To Suspense A/c     2,000
(Bill Receivable received from debtors were not posted to Bills Receivable Account, now rectified)      

 

Dr. Suspense Account Cr.
S.No. Particulars J.F. Amount
S.No. Particulars J.F. Amount
(b) Debtors   5,000 (a) Depreciation Discount   4,000
        (e) Allowed   100
        (d) Drawing   800
  To Balance c/d   1,900 (e) Bills Receivable   2,000
      6,900       6,900
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Rectification of Errors
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Chapter 6: Trial Balance and Rectification of Errors - Numerical Questions [Page 220]

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NCERT Accountancy - Financial Accounting 1 [English] Class 11
Chapter 6 Trial Balance and Rectification of Errors
Numerical Questions | Q 18 | Page 220

RELATED QUESTIONS

The difference in trial balance is taken to ______.


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 returns book was overcast by ₹ 700


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

Bills receivable book was undercast by ₹ 800


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:
(a) Credit Sales to Mohan ₹ 7,000 were recorded in purchases book.
(b) Credit Purchases from Rohan ₹ 900 were recorded in sales book.
(c) Goods returned to Rakesh ₹ 4,000 were recorded in the sales return book.
(d) Goods returned from Mahesh ₹ 1,000 were recorded in purchases return book.
(e) Goods returned from Mahesh ₹ 2,000 were recorded in purchases book.


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 returns book overcast by ₹ 200.

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 posted as ₹ 400.
(b) Bad debts written off ₹ 5,000 were posted as ₹ 6,000.
(c) Discount allowed to a debtor ₹ 100 on receiving cash from him was posted as ₹ 60.
(d) Goods withdrawn by proprietor for personal use ₹ 800 were posted as ₹ 300.
(e) Bill receivable for ₹ 2,000 received from a debtor was posted as ₹ 3,000.


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.


 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. 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.

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. 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.

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.

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