Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited.
(b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited.
(c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited.
(d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited.
(e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.
Rectify the following errors assuming that suspense account was opened.
Ascertain the difference in trial balance.
(a)
Credit sales to Mohan Rs 7,000 were recorded in Purchase Book. However, Mohan’s account was correctly debited.
(b)
Credit purchases from Rohan Rs 9,000 were recorded in sales book. However, Rohan’s account was correctly credited.
(c)
Goods returned to Rakesh Rs 4,000 were recorded in sales return book. However, Rakesh’s account was correctly debited.
(d)
Goods returned from Mahesh Rs 1,000 were recorded through purchases return book. However, Mahesh’s account was correctly credited.
(e)
Goods returned to Naresh Rs 2,000 were recorded through purchases book. However, Naresh’s account was correctly debited.
Trial balance of Sagar did not agree. It showed an excess credit Rs 7,550. Sagar put the difference to suspense account. He located the following errors- 1) Sales return book was overcast by Rs 1,200. 2) Purchases book was undercast by Rs 750. 3) Goods returned to Mahesh Rs 1000 were recorded through sales book. 4) Credit purchase from Mahadev Rs 6,000 were recorded through sales book. 5) Credit purchase from Damodhar Rs 4,000 were recorded through sales book. However, Damodhar’s account was correctly credited. 6) Salary paid Rs 3,500 was debited to employee’s personal account.
Rectify the following errors:
Furniture purchased for Rs 10,000 wrongly debited to purchases account.
Machinery purchased on credit from Raman for Rs 20,000 was recorded through purchases book.
Repairs on machinery Rs 1,400 debited to machinery account.
Repairs on overhauling of secondhand machinery purchased Rs 2,000 was debited to Repairs account.
Sale of old machinery at book value of Rs 3,000 was credited to sales account.
Rectify the following errors by opening a suspense account credit side of the trial balance was cast short and the difference of trial account. 1) Paid Rs 700 to Nishigandha was debited to pritigantha account. 2) Total of sales book cast short by Rs 175. 3) Purchased goods casting Rs 690 on credit from shrawani was recorded in the purchase book but failed to credit shrawani account. 4) Total of purchase book was Overcast by Rs 95. 5) Received Rs 548 from Firoz on account was correctly recorded in cash account but Firoz account was credited by Rs 584. 6) Paid Advertisement Expenses amounted to Rs 350 was wrongly recorded twice in the Advertisement account.