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Question

Correct the following errors in Mohan Lal’s Book:
(i) A payment of ₹ 5,000 for salaries (to Mr. Ram) has been posted twice to the Salaries Account.
(ii) ₹ 750 received from Rajesh are entered on the debit side of the Cash Book. No posting was done in Rajesh’s Account.
(iii) Sales Book was overcast by ₹ 3,000.
(iv) Goods (Cost ₹ 2,000, Sales Price ₹ 2,500) distributed as free simples among prospective customers were not recorded anywhere.

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Solution

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

5,000

To Salaries A/c

5,000

(Payment of Salaries Rs 5,000 was posted twice wrongly in Salaries Account, now rectified)

(ii)

Suspense A/c

Dr.

750

To Rajesh

750

(Received Rs 750 from Rajesh was omitted to be posted his account, now rectified)

(iii)

Sales A/c

Dr.

3,000

To Suspense A/c

3,000

(Sales was overcast, now rectified)

(iv)

Advertisement A/c

Dr.

2,000

To Purchases A/c

2,000

(Goods distributed as free sample were not recorded, now recorded)


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