Rectify the following errors assuming that suspension account was opened.

Ascertain the difference in trial balance.

(a)

Furniture purchased for Rs 10,000 wrongly debited to purchase account as Rs 4,000.

(b)

Machinery purchased on credit from Raman for Rs 20,000 recorded through Purchases Book as Rs 6,000.

(c)

Repairs on machinery Rs 1,400 debited to Machinery account as Rs 2,400.

(d)

Repairs on overhauling of second hand machinery purchased Rs 2,000 was debited to Repairs account as Rs 200.

(e)

Sale of old machinery at book value Rs 3,000 was credited to sales account as Rs 5,000.

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Solution

Journal

S. No.

Particulars

L.F.

Debit Amount Rs

Credit Amount Rs

(a)

Furniture A/c

Dr.

10,000

To Purchases A/c

4,000

To Suspense A/c

6,000

(Furniture purchased Rs 10,000 wrongly entered in

Purchases Account as Rs 4,000, now rectified)

(b)

Machinery A/c

Dr.

20,000

To Purchases A/c

6,000

To Raman

14,000

(Machinery purchased Rs 20,000 from Raman wrongly

entered in Purchases Book as Rs 6,000, now rectified)

(c)

Repairs A/c

Dr.

1,400

Suspense A/c

Dr.

1,000

To Machinery A/c

2,400

(Repair of machinery Rs 1,400 wrongly debited to

Machinery Account as Rs 2,400)

(d)

Machinery A/c

Dr.

2,000

To Repairs A/c

200

To Suspense A/c

1,800

(Overhauling of second hand machine Rs 2,000 wrongly

debited to Repairs Account as Rs 200, now rectified)

(e)

Sales A/c

Dr.

5,000

To Machinery A/c

3,000

To Suspense A/c

2,000

(Old machinery sold for Rs 3,000 wrongly credited to Sales

Account as Rs 5,000, now rectified)

Suspense Account

Dr.

Cr.

S. No.

Particulars

J.F.

Amount

Rs

S. No.

Particulars

J.F.

Amount

Rs

(c)

Machinery

1,000

(a)

Furniture

6,000

(d)

Machinery

1,800

To Balance c/d

8,800

(e)

Sales

2,000

9,800

9,800

Suggest Corrections

Similar questions

Rectify the following errors:

(a)	Furniture purchased for Rs 10,000 wrongly debited to purchases account.
(b)	Machinery purchased on credit from Raman for Rs 20,000 was recorded through purchases book.
(c)	Repairs on machinery Rs 1,400 debited to machinery account.
(d)	Repairs on overhauling of secondhand machinery purchased Rs 2,000 was debited to Repairs account.
(e)	Sale of old machinery at book value of Rs 3,000 was credited to sales account.

Rectify the following errors assuming that suspensions account was opened. Ascertain the difference in trial balance.

(a) Furniture purchased for Rs. 10,000 wrongly debited to purchase account as Rs. 4000

(b) Machinery purchased on credit from Raman for Rs. 20000 recorded through purchase book as Rs. 6000

(d) Repair on overhauling of secondhand machinery purchased Rs. 2000 was debited to repair account as Rs. 200

(e) Sale of old machinery at book value Rs. 3000 was credited to sales account as Rs. 5000

Q. Rectify the following errors:
(a) Furniture purchased for ₹ 10,000 wrongly debited to Purchases Account.
(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through Purchases Book.
(c) Repairs on machinery ₹ 1,400 debited to Machinery Account.
(d) Repairs on overhauling of second hand machinery purchased ₹ 2,000 was debited to Repairs Account.
(e) Sale of old machinery at book value of ₹ 3,000 was credited to Sales Account.

Trial balance of Radhika did not agree. Radhika put the difference to suspense account. subsequently she located the following errors.

1) Furniture purchased for Rs 6,000 was posted to purchases account as Rs 600.
2) Repairs to Machinerry Rs 500 were debited to Machinery account.
3) Wages paid for installation of Machinery Rs 750 was posted to wages account.
4) Purchased material Rs 8,000 and wages Rs 2,000 were used for construction of building not recorded in the books.
5) Total of sales returns book Rs 2,000 was not posted to the ledger.
6) Old Furniture sold to Dinesh at its book value of Rs 2,500 was recorded through sales book.

Trial balance of Khatau did not agree. He put the difference to a suspense account and discovered the following errors.

(a) Credit sales to Manas Rs. 16,000 were recorded in the purchase book as Rs. 10,000 and posted to the debit of Manas as Rs. 1,000.

(b) Furniture purchased from Noor Rs. 6,000 was recorded through purchase book as Rs. 5,000 and posted to the debit of Noor Rs. 2,000.

(d) Old machinery sold for Rs. 2,000 to Maneesh recorded through sales book as Rs. 1,800 and posted to the credit of Manish as Rs. 1,200.

(e) Total of return inwards book Rs. 2,800 posted to purchase account.

Rectify the above errors and prepare a suspense account to ascertain the difference in trial balance.

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Journal
S. No.	Particulars						L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Furniture A/c				Dr.			10,000
			To Purchases A/c						4,000
			To Suspense A/c						6,000
	(Furniture purchased Rs 10,000 wrongly entered in Purchases Account as Rs 4,000, now rectified)

(b)	Machinery A/c			Dr.				20,000
			To Purchases A/c						6,000
			To Raman						14,000
	(Machinery purchased Rs 20,000 from Raman wrongly entered in Purchases Book as Rs 6,000, now rectified)

(c)	Repairs A/c			Dr.				1,400
	Suspense A/c			Dr.				1,000
			To Machinery A/c						2,400
	(Repair of machinery Rs 1,400 wrongly debited to Machinery Account as Rs 2,400)

(d)	Machinery A/c					Dr.		2,000
		To Repairs A/c							200
		To Suspense A/c							1,800
	(Overhauling of second hand machine Rs 2,000 wrongly debited to Repairs Account as Rs 200, now rectified)

(e)	Sales A/c					Dr.		5,000
		To Machinery A/c							3,000
		To Suspense A/c							2,000
	(Old machinery sold for Rs 3,000 wrongly credited to Sales Account as Rs 5,000, now rectified)

Suspense Account
Dr.							Cr.
S. No.	Particulars	J.F.	Amount Rs	S. No.	Particulars	J.F.	Amount Rs
(c)	Machinery		1,000	(a)	Furniture		6,000
				(d)	Machinery		1,800
	To Balance c/d		8,800	(e)	Sales		2,000
			9,800				9,800