Question

Rectify the following errors assuming that a suspense account was opened. As certain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were posted to the credit of his account.
(b) Credit purchases from Rohan ₹ 9,000 were posted to the debit of his account as ₹ 6,000.
(c) Goods returned to Rakesh ₹ 4,000 were posted to the credit of his account.
(d) Goods returned from Mahesh ₹ 1,000 were posted to the debit of his account as ₹ 2,000.
(e) Cash sales ₹ 2,000 were posted to the debit of sales account as ₹ 5,000.

Answer 1

Journal
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Mohan Dr.		14,000
	To Suspense A/c			14,000
	(Goods sold to Mohan wrongly credited to his account, now rectified)
(b)	Suspense A/c Dr.		15,000
	To Rohan			15,000
	(Goods purchased from Rohan, ₹ 9,000 wrongly debited to Rohan's Account as ₹ 6,000, now rectified)
(c)	Rakesh Dr.		8,000
	To Suspense A/c			8,000
	(Goods returned to Rakesh wrongly credited to his account, now rectified)
(d)	Suspense A/c Dr.		3,000
	To Mahesh			3,000
	(Goods returned from Mahesh ₹ 1,000 wrongly debited to his account as ₹ 2,000, now rectified)
(e)	Suspense A/c Dr.		7,000
	To Sales A/c			7,000
	(Goods sold for cash for ₹ 2,000 wrongly debited to Sales Account as ₹ 5,000, now rectified)

 

Dr.	Suspense Account						Cr.
S.No.	Particulars	J.F.	Amount ₹	S.No.	Particulars	J.F.	Amount ₹
(b)	Rohan		15,000	(a)	Mohan		14,000
(d)	Mahesh		3,000	(c)	Rakesh		8,000
(e)	Sales		7,000		Balance c/d		3,000
			25,000				25,000