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Question

Rectify the following errors assuming that a suspense account was opened.

Ascertain the difference in trial balance.

(a)

Credit sales to Mohan Rs 7,000 were posted to Karan as Rs 5,000.

(b)

Credit purchases from Rohan Rs 9,000 were posted to the debit of Gobind as Rs 10,000.

(c)

Goods returned to Rakesh Rs 4,000 were posted to the credit of Naresh as Rs 3,000.

(d)

Goods returned from Mahesh Rs 1,000 were posted to the debit of Manish as Rs 2,000.

(e)

Cash sales Rs 2,000 were posted to commission account as Rs 200.

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Solution

Journal

S. No.

Particulars

L.F.

Debit Amount Rs

Credit Amount Rs

(a)

Mohan

Dr.

7,000

To Karan

5,000

To Suspense A/c

2,000

(Goods sold to Mohan Rs 7,000 posted wrongly to

Karan's Account as Rs 5,000, now rectified)

(b)

Suspense A/c

Dr.

19,000

To Rohan

9,000

To Gobind

10,000

(Goods returned from Rohan Rs 9,000 posted wrongly

to Gobind's Account as Rs 10,000, now rectified)

(c)

Rakesh

Dr.

4,000

Naresh

Dr.

3,000

To Suspense A/c

7,000

(Goods returned to Rakesh Rs 4,000 posted wrongly to

Naresh's Account Rs 3,000, now rectified)

(d)

Suspense A/c

Dr.

3,000

To Mahesh

1,000

To Manish

2,000

(Goods returned from Mahesh Rs 1,000 posted wrongly to

Manish's Account as Rs 2,000, now rectified)

(e)

Commission A/c

Dr.

200

Suspense A/c

Dr.

1,800

To Sales A/c

2,000

(Cash sales Rs 2,000 posted wrongly to the Commission Account

as Rs 200, now rectified)

Suspense Account

Dr.

Cr.

S. No.

Particulars

J.F.

Amount

Rs

S. No.

Particulars

J.F.

Amount

Rs

(b)

Rohan

9,000

(a)

Mohan

2,000

Gobind

10,000

(c)

Rakesh

4,000

(d)

Mahesh

1,000

Naresh

3,000

Manish

2,000

(e)

Sales

1,800

Balance c/d

14,800

23,800

23,800


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