Question

Trial balance of Khatau did not agree. He put the difference to suspense account and discovered the following errors:
(a) Credit sales to ₹ 16,000 were recorded in the purchases book as ₹ 10,000 and posted to the debit of ₹ 1,000.
(b) Furniture purchased from Noor ₹ 6,000 was recorded through purchases book as ₹ 5,000 and posted to the debit of Noor ₹ 2,000.
(c) Goods returned to ₹ 3,000 recorded through the Sales book as ₹ 1,000.
(d) Old machinery sold for ₹ 2,000 to Maneesh recorded through sales book as ₹ 1,800 and posted to the credit of Manish as ₹ 1,200.
(e) Total of Returns inwards book ₹ 2, 800 posted to Purchase account.

Answer 1

S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Suspense A/c Dr.		11,000
	Manas Dr.		15,000
	To Purchases A/c			10,000
	To Sales A/c			16,000
	(Goods sold to Manas ₹ 16,000 wrongly recorded in Purchases Book as ₹ 10,000 and debited to Manas's Account as ₹ 1,000, now rectified)
(b)	Furniture A/c Dr.		6,000
	Suspense A/c Dr.		7,000
	To Noor			8,000
	To Purchases A/c			5,000
	(Furniture purchased ₹ 6,000 from Noor wrongly recorded in Purchases Book as ₹ 5,000 and debited to Noor's Account as ₹ 2,000, now rectified)
(c)	Sales A/c Dr.		1,000
	Rai A/c Dr.		2,000
	To Return Outwards A/c			3,000
	(Goods returned to Rai ₹ 3,000 wrongly recorded in the Sales Book as ₹ 1,000, now rectified)
(d)	Manish A/c Dr.		1,200
	Sales A/c Dr.		1,800
	Maneesh A/c Dr.		2,000
	To Machinery A/c			2,000
	To Suspense A/c			3,000
	(Old machinery sold to Maneesh ₹ 2,000 wrongly recorded in the Sales Book as ₹ 1,200 and wrongly credited to Manish's Account as ₹ 1,200, now rectified)
(e)	Return Inwards A/c Dr.		2,800
	To Purchases A/c			2,800
	(Total of Return Inwards Book wrongly posted to Purchases Account, now rectified)

 

Dr.	Suspense Account						Cr.
S.No.	Particulars	J.F.	Amount ₹	S.No.	Particulars	J.F.	Amount ₹
(a)	Sales		11,000	(d)	Sundries (Manish, Sales,
(b)	Noor		7,000		Maneesh)		3,000
					Balance c/d		15,000
			18,000				18,000