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Question
There was a difference of ₹ 1230/- in a Trial Balance. It was placed on the Debit side of Suspense A/c. Later on, the following errors were discovered. Pass rectifying entries and prepare Suspense A/c.
1. Sales Book was overcast by ₹ 1,000/-
2. Goods sold to Aarti for ₹ 4,400/- has been posted to her account as ₹ 4,000/-
3. Purchases Book was overcast by ₹ 100/-
4. An amount of ₹ 500/- received from Ranjeet, has not been posted to his account.
5. Goods sold to Sameer for ₹ 750/- were recorded in Purchase Book.
6. An amount of ₹ 500/- has been posted to the credit side of the Commission Account instead of ₹ 570/-
Solution
| Journal Proper | ||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| (1) | Sales A/c ...Dr. | 1,000 | ||
| To Suspense A/c | 1,000 | |||
| (Being sales book overcast, now rectified) | ||||
| (2) | Aarti A/c ...Dr. | 400 | ||
| To Suspense A/c | 400 | |||
| (Being goods sold to Aarti but wrong amount posted to her account, now rectified) | ||||
| (3) | Suspense A/c ..Dr. | 100 | ||
| To Purchase A/c | 100 | |||
| (Being purchase book overcast, now rectified) | ||||
| (4) | Cash A/c ..Dr. | 500 | ||
| To Ranjeet A/c | 500 | |||
| (Being amount received from Ranjeet not posted to his account now rectified) | ||||
| (5) | Sameer A/c ...Dr. | 1,500 | ||
| To Purchase A/c | 750 | |||
| To Sales A/c | 750 | |||
| (Being sale of goods rerecord as purchase of goods, now rectified) | ||||
| (6) | Suspense A/c ..Dr. | 70 | ||
| To Commission A/c | 70 | |||
| (Being wrong posting of amount to commission account, now rectified) | ||||
| Total (₹) | 3,570 | 3,570 | ||
| Dr. | Suspense Account | Cr. | |||||
| Date | Particulars | J.F. | Amt. (₹) | Date | Particulars | J.F. | Amt. (₹) |
| (-) | To Balance b/d | 1230 | (1) | By Sales A/c | 1,000 | ||
| (3) | To Purchase A/c | 100 | (2) | By Aarti A/c | 400 | ||
| (6) | To Commission A/c | 70 | |||||
| 1,400 | 1,400 | ||||||
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