Question

In taking out the Trial Balance, book-keeper finds that he is out ₹ 3,809 excess debit. Being desirous of closing his books he places the difference to a newly opened Suspense A/c which is carried forward. In the next period he discovered that :-
1. ₹ 17,715 received from X has not been posted to his account.
2. A sum of ₹ 9,500 written off as depreciation on fixtures has not been posted to the Depreciation A/c.
3. ₹ 1,50,000 paid for furniture purchased has been charged to Ordinary Purchases A/c.
4. A discount of ₹ 3,742 allowed to a customer has been credited to him as ₹ 3,648.
5. The total of the Inwards return has been added ₹ 900 short.
6. An item of Sale for ₹ 5,900 was posted as ₹ 9,500 in the Sales Account.
Give the rectifying entries and prepare the Suspense Account.

Answer 1

One Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1)	Suspense A/c	Dr.		17,715
	To X’s A/c				17,715
	(Amount received from X not posted to his account)
2)	Depreciation A/c	Dr.		9,500
	To Suspense A/c				9,500
	(Amount written-off as depreciation not posted to Depreciation Account)
3)	Furniture A/c	Dr.		1,50,000
	To Purchases A/c				1,50,000
	(Amount paid for purchase of furniture debited to Purchases Account)
4)	Suspense A/c	Dr.		94
	To Customer’s A/c				94
	(Discount allowed credited with less amount in Customer’s Account)
5)	Sales Return A/c	Dr.		900
	To Suspense A/c				900
	(Shortfall in return inward book)
6)	Sales A/c	Dr.		3,600
	To Suspense A/c				3,600
	(An item of sale of Rs 5,900 posted as Rs 9,500 in Sales Account)

Suspense Account
Dr.					Cr.
Particulars		Amount (Rs)	Particulars	Amount (Rs)
X’s A/c		17,715	Difference in Trial Balance	3,809
Customer’s A/c		94	Depreciation A/c	9,500
			Sales Return A/c	900
			Sales A/c	3,600
		17,809		17,809