Question

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

(a)	Credit sales to Manas Rs 16,000 were recorded in the purchases 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 purchases book as Rs 5,000 and posted to the debit of Noor Rs 2,000.
(c)	Goods returned to Rai Rs 3,000 recorded through the Sales book as Rs 1,000.
(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 Returns inwards book Rs 2,800 posted to Purchase account.

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

Answer 1

Journal
S. No.	Particulars								L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Suspense A/c						Dr.			11,000
	Manas						Dr.			15,000
		To Purchases A/c									10,000
		To Sales A/c									16,000
	(Goods sold to Manas Rs 16,000 wrongly recorded in Purchases Book as Rs 10,000 and debited to Manas’s Account as Rs 1,000, now rectified)
(b)	Furniture A/c						Dr.			6,000
	Suspense A/c						Dr.			7,000
		To Noor									8,000
		To Purchases A/c									5,000
	(Furniture purchased Rs 6,000 from Noor wrongly recorded in Purchases Book as Rs 5,000 and debited to Noor’s Account as Rs 2,000, now rectified)
(c)	Sales A/c						Dr.			1,000
	Rai A/c						Dr.			2,000
		To Return Outwards A/c									3,000
	(Goods returned to Rai Rs 3,000 wrongly recorded in the Sales Book as Rs 1,000, now rectified)
(d)	Manish A/c				Dr.					1,200
	Sales A/c				Dr.					1,800
	Maneesh A/c				Dr.					2,000
		To Machinery A/c									2,000
		To Suspense A/c									3,000
	(Old machinery sold to Maneesh Rs 2,000 wrongly recorded in the Sales Book as Rs 1,200 and wrongly credited to Manish's Account as Rs 1,200, now rectified)
(e)	Return Inwards A/c						Dr.			2,800
		To Purchases A/c									2,800
	(Total of Return Inwards Book wrongly posted to Purchases Account, now rectified)

Suspense Account
Dr.							Cr.
S. No.	Particulars	J.F.	Amount Rs	S. No.	Particulars	J.F.	Amount Rs
(a)	Sales		11,000	(d)	Sundries (Manish, Sales,
(b)	Noor		7,000		Maneesh)		3,000
					Balance c/d		15,000
			18,000				18,000