Question

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.

Answer 1

Journal
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Mohan Dr.		7,000
	To Suspense A/c			7,000
	(Goods sold on credit to Mohan were not posted in Mohan's Account, now rectified)
(b)	Suspense A/c Dr.		9,000
	To Rohan			9,000
	(Goods purchased from Rohan were not posted in Rohan's Account, now rectified)
(c)	Rakesh Dr.		4,000
	To Suspense A/c			4,000
	(Goods returned to Rakesh were not posted in Rakesh's Account, now rectified)
(d)	Suspense A/c Dr.		1,000
	To Mahesh			1,000
	(Goods return from Mahesh were not omitted to be recorded in Mahesh's Account, now rectified)
(e)	Ganesh Dr.		3,000
	To Suspense A/c			3,000
	(Cash paid to Ganesh was not posted to Ganesh's Account now recorded)
(f)	Suspense A/c Dr.		2,000
	To Sales A/c			2,000
	(Cash receipts from sale, was not posted to Sales Account, now rectified)

 

Dr.	Suspense Account						Cr.
S.No.	Particulars	J.F.	Amount ₹	S.No.	Particulars	J.F.	Amount ₹
(b)	Rohan		9,000	(a)	Mohan		7,000
(d)	Mahesh		1,000	(c)	Rakesh		4,000
(f)	Sales		2,000	(e)	Ganesh		3,000
	Balance c/d		2,000
			14,000				14,000

Note:

In order to match the balance of suspense account, it has been assumed that all errors given in the question are errors of partial omission.