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/-

Answer 1

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