Question

Rectify the following errors:
(a) Sales book undercast by ₹ 300.
(b) Purchases book undercast by ₹ 400.
(c) Return inwards book undercast by ₹ 200.
(d) Return outwards book undercast by ₹ 100.

Answer 1

S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Suspense A/c Dr.		300
	To Sales A/c			300
	(Sales Book undercast by ₹ 300. now rectified)
(b)	Purchases A/c Dr.		400
	To Suspense A/c			400
	(Purchases Book undercast by ₹ 400. now rectified)
(c)	Return Inwards A/c Dr.		200
	To Suspense A/c			200
	(Return Inwards Book undercast by ₹ 200. now rectified)
(d)	Suspense A/c Dr.		100
	To Return Outwards A/c			100
	(Return Outwards Book undercast by ₹ 100. now rectified)