Question

How will you rectify the following errors?
(i) Sales Book is overcasted by ₹ 5,000.
(ii) Sales Return Book is short casted by ₹ 500.
(iii) Balance of Sales Book is carried forward in excess by ₹ 1,000.
(iv) Balance of Sales Return Book is carried forward in excess by ₹ 100.

Answer 1

Journal
Date	Particulars			L.F.	Debit Amount (Rs)	Credit Amount (Rs)
(i)	Sales A/c		Dr.		5,000
		To Suspense A/c				5,000
	(Sales book was overcasted by Rs 5,000, now rectified)
(ii)	Sales Return A/c		Dr.		500
		To Suspense A/c				500
	(Sales book was undercasted by Rs 500, now rectified)
(iii)	Sales A/c		Dr.		1,000
		To Suspense A/c				1,000
	(Sales book’s balance was carried forward in excess by Rs 1,000, now rectified)
(iv)	Suspense A/c		Dr.		100
		To Sales Return A/c				100
	(Sales return book’s balance was carried forward in excess by Rs 100, now rectified)