Question

Correct the following errors in Mohan Lal’s Book:
(i) A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account.
(ii) Returns Outward Journal has been overcast by ₹ 85.
(iii) Basudev returned goods worth ₹ 500; his account was debited by this amount.
(iv) Purchase from Krishna Mohan of ₹ 2,250 has been debited to his account.

Answer 1

Books of Mohan Lal Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Depreciation A/c	Dr.		1,500
	To Suspense A/c				1,500
	(Amount of depreciation was not debited in Depreciation Account ,now recorded)
(ii)	Return Outwards A/c	Dr.		85
	To Suspense A/c				85
	(Return Outwards Book was overcast, now rectified)
(iii)	Suspense A/c	Dr.		1,000
	To Basu Dev				1,000
	(Goods returned by Basu Dev was wrongly debited to his account, now rectified)
(iv)	Suspense A/c	Dr.		4,500
	To Krishna Mohan				4,500
	(Krishna Mohan’s Account was wrongly debited, now rectified)