Question

Pass the rectification entries for the following transactions:
(i) An amount of ₹ 2,000 received from Mohan on 1st April, 2017 had been entered in the Cash Book as having been received on 31st March, 2017.
(ii) The balance in the account of Mr. Rahim ₹ 1,000 had been written off as bad but no other account has been debited.
(iii) An addition in the Returns Inward Book had been cast ₹ 100 short.
(iv) A cheque for ₹ 200 drawn for the Petty Cash Account has been posted in the account of Asif.
(v) A discounted Bill of Exchange for ₹ 20,000 returned by the firm's bank had been credited to the Bank Account and debited to Bills Receivable Account. A cheque was received later from the customer for ₹ 20,000 and duly paid.
(vi) Ramesh's Account was credited with ₹ 840 twice instead of once.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Mohan	Dr.		2,000
	To Cash A/c				2,000
	(Cash received from Mohan on April 01,2017 but was wrongly passed on March 31, 2017)
	Note: On April 01,2017 in Cash Book Mohan’s Account is debited)
(ii)	Bad Debts A/c	Dr.		1,000
	To Suspense A/c				1,000
	(Bad Debt of Rahim was not posted to Bad Debts Account, now rectified)
(iii)	Return Inwards A/c	Dr.		100
	To Suspense A/c				100
	(Return Inwards Book was undercast, now rectified)
(iv)	Petty Cash A/c	Dr.		200
	To Asif				200
	(Cheque Drawn for Petty Cash was wrongly debited to Asif’s Account, now rectified)
(v)	Customer's A/c	Dr.		20,000
	To Bills Receivable A/c				20,000
	(A discounted bill dishonored wrongly debited to Bills Receivable A/c, now rectified)
(vi)	Ramesh	Dr.		840
	To Suspense A/c				840
	(Ramesh’s Account was Credited twice, now rectified)