Question

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were recorded in Purchase Book. However, Mohan’s account was correctly debited.
(b) Credit purchases from Rohan ₹ 9,000 were recorded in sales book. However, Rohan’s account was correctly credited.
(c) Goods returned to Rakesh ₹ 4,000 were recorded in sales return book. However, Rakesh’s account was correctly debited.
(d) Goods returned from Mahesh ₹ 1,000 were recorded through purchases return book. However, Mahesh’s account was correctly credited.
(e) Goods returned to Naresh ₹ 2,000 were recorded through purchases book. However, Naresh’s account was correctly debited.

Answer 1

Journal
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amoun ₹
(a)	Suspense A/c Dr.		14,000
	To Sales A/c			7,000
	To Purchases A/c			7,000
	(Goods sold to Mohan wrongly recorded in Purchases Book however, Mohan's Account was correctly debited, now rectified)
(b)	Purchases A/c Dr.		9,000
	Sales A/c Dr.		9,000
	To Suspense A/c			18,000
	(Purchased goods from Rohan wrongly recorded in Sales Book. However, Rohan's Account was correctly credited, now rectified)
(c)	Suspense A/c Dr.		8,000
	To Purchases Return A/c			4,000
	To Sales Return A/c			4,000
	(Goods returned to Rakesh ₹ 4,000 wrongly entered in Sales Return Book; however, Rakesh's Account was correctly debited, now rectified)
(d)	Sales Return A/c Dr.		1,000
	Purchases Return A/c Dr.		1,000
	To Suspense A/c			2,000
	(Goods Returned from Mahesh wrongly entered in Purchases Return Book; however, Mahesh's Account was correctly credited, now rectified)
(e)	Suspense A/c Dr.		4,000
	To Purchases Return A/c			2,000
	To Purchases A/c			2,000
	(Goods returned to Naresh wrongly entered in Purchases

 

Dr.	Suspense Account						Cr.
S.No.	Particulars	J.F.	Amount ₹	S.No.	Particulars	J.F.	Amount ₹
(a)	Sales		7,000	(b)	Purchases		9,000
	Purchases		7,000		Sales		9,000
(c)	Purchases Return		4,000	(d)	Sales Return		1,000
	Sales Return		4,000		Purchases Return		1,000
(e)	Purchases Return		2,000
	Purchases		2,000		Balance c/d		6,000
			26,000				26,000