Question

Trial balance of Kohli did not agree and showed an excess debit of Rs 16,300. He put the difference to a suspense account and discovered the following errors:

(a)	Cash received from Rajat Rs 5,000 was posted to the debit of Kamal as Rs 6,000.
(b)	Salaries paid to an employee Rs 2,000 were debited to his personal account as Rs 1,200.
(c)	Goods withdrawn by proprietor for personal use Rs 1,000 were credited to sales account as Rs 1,600.
(d)	Depreciation provided on machinery Rs 3,000 was posted to Machinery account as Rs 300.
(e)	Sale of old car for Rs 10,000 was credited to sales account as Rs 6,000. Rectify the errors and prepare suspense account.

Answer 1

Journal
S. No.	Particulars			L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Suspense A/c		Dr.		11,000
		To Rajat				5,000
		To Kamal				6,000
	(Cash received from Rajat Rs 5,000 wrongly posted in the debit of Rajat's Account as Rs 6,000, now rectified)
(b)	Salaries A/c		Dr.		2,000
		To Employee				1,200
		To Suspense A/c				800
	(Salaries paid to employee wrongly posted to Employee's Account as Rs 1,200, now rectified)
(c)	Sales A/c		Dr.		1,600
		To Suspense A/c				600
		To Purchases A/c				1,000
	(Goods drawn by proprietor for personal use Rs 1,000 wrongly credited to Sales Account as Rs 1,600, now rectified)
(d)	Suspense A/c		Dr.		2,700
		To Machinery A/c				2,700
	(Depreciation on machinery Rs 3,000 wrongly credited to Machinery Account as Rs 300, now rectified)
(e)	Sales A/c		Dr.		6,000
	Suspense A/c		Dr.		4,000
		To Car A/c				10,000
	(Sale of old car for Rs 10,000 wrongly posted to Sales Account as Rs 6,000, now rectified)

Suspense Account
Dr.							Cr.
S. No.	Particulars	J.F.	Amount Rs	S. No.	Particulars	J.F.	Amount Rs
(a)	Rajat		5,000		Balance b/d		16,300
	Kamal		6,000	(b)	Salaries		800
(d)	Machinery		2,700	(c)	Sales		600
(e)	Car		4,000
			17,700				17,700