Question

How will be the following errors rectified?
(i) Purchases Book is overcasted by ₹ 10,000.
(ii) Purchases Return Book is overcasted by ₹ 1,000.
(iii) Purchases Return Book’s balance is carried forward in excess by ₹ 100.
(iv) Purchases Book’s balance is carried forward in excess by ₹ 1,000.

Answer 1

Journal
Date	Particulars			L.F.	Debit Amount (Rs)	Credit Amount (Rs)
(i)	Suspense A/c		Dr.		10,000
		To Purchases A/c				10,000
	(Purchase book was overcastted by Rs 10,000, now rectified)
(ii)	Purchases Return A/c		Dr.		1,000
		To Suspense A/c				1,000
	(Purchase return book was overcastted by Rs 1,000, now rectified)
(iii)	Purchases Return A/c		Dr.		100
		To Suspense A/c				100
	(Purchase return book’s balance was carried forward in excess of Rs 100, now rectified)
(iv)	Suspense A/c		Dr.		1,000
		To Purchases A/c				1,000
	(Purchase book’s balance was carried forward in excess of Rs 1,000, now rectified)