Question

Rectify the following errors and ascertain the amount of difference in trial balance by preparing a suspense account.

(a) Credit sales to Mohan Rs. 7,000 were not posted.

(b) Credit purchase from Rohan Rs. 9,000 were not posted.

(c) Goods returned to Rakesh Rs. 4,000 were not posted

(d) Goods returned from Mahesh Rs. 1,000 were not posted.

(e) Cash paid to Ganesh Rs. 3,000 was not posted

(f) Cash sales Rs. 2,000 were not posted.

Answer 1

Rectification Entries in Journal

$\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Amt. (Dr)}& \text{Amt. (Cr)}\\ \text{(a)}& \text{Mohan's A/c}& \text{Dr}& & 7,000& \\ & \text{To Suspense A/c}& & & & 7,000\\ & \text{(goods sold to Mohan on credit were not}& & & & \\ & \text{posted in his personal account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(b)}& \text{Suspense A/c}& \text{Dr}& & 9,000& \\ & \text{To Rohan's A/c}& & & & 9,000\\ & \text{(Goods purchased from Rohan were not}& & & & \\ & \text{posted in his personal account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(c)}& \text{Rakesh's A/c}& \text{Dr}& & 4,000& \\ & \text{To Suspense A/c}& & & & 4,000\\ & \text{(Goods returned to Rakesh were not}& & & & \\ & \text{posted to his personal account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(d)}& \text{Suspense A/c}& \text{Dr}& & 1,000& \\ & \text{To Mahesh's A/c}& & & & 1,000\\ & \text{(Goods returned by Mahesh were not}& & & & \\ & \text{posted to his personal account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(e)}& \text{Ganesh's A/c}& \text{Dr}& & 3,000& \\ & \text{To Suspense A/c}& & & & 3,000\\ & \text{(Cash paid to Ganesh was not posted to}& & & & \\ & \text{his personal account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(f)}& \text{Suspense A/c}& \text{Dr}& & 2,000& \\ & \text{To Sales A/c}& & & & 2,000\\ & \text{(Cash sales was not posted to sales}& & & & \\ & \text{account, now rectified)}& & & & \end{array}$

$\begin{array}{cccccccc}\text{Dr}& & & & \text{Suspense Account}& & & \text{Cr}\end{array}\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}& \text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}\\ \text{(b)}& \text{Rohan's A/c}& & 9,000& \text{(a)}& \text{Mohan's A/c}& & 7,000\\ \text{(d)}& \text{Mahesh's A/c}& & 1,000& \text{(c)}& \text{Rakesh's A/c}& & \text{4,000}\\ \text{(f)}& \text{Sales A/c}& & 2,000& \text{(e)}& \text{Ganesh's A/c}& & 3000\\ & \text{Balance c/d}& & \underset{–}{2,000}& & & & \underset{–}{}\\ & & & \underset{–}{14,000}& & & & \underset{–}{14,000}\end{array}$