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 posted as Rs. 9,000

(b) Credit purchase from Rohan Rs. 9,000 were posted as Rs. 6,000

(c) Goods returned to Rakesh Rs. 4,000 were posted as Rs. 5,000.

(d) Goods returned from Mahesh Rs. 1,000 were posted as Rs. 3,000.

(e) Cash sales Rs. 2,000 were posted as Rs. 200.

Answer 1

Rectification Entries in Journal

$\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Amt. (Dr)}& \text{Amt. (Cr)}\\ \text{(a)}& \text{Suspense A/c}& \text{Dr}& & 2,000& \\ & \text{To Mohan's A/c}& & & & 2,000\\ & \text{(Credit sales to Mohan for Rs. 7,000,}& & & & \\ & \text{wrongly posted in his personal account as}& & & & \\ & \text{Rs. 9,000, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(b)}& \text{Suspense A/c}& \text{Dr}& & 3,000& \\ & \text{To Rohan's A/c}& & & & 3,000\\ & \text{(Credit purchase from Rohan for Rs. 9,000,}& & & & \\ & \text{wrongly posted in his personal account as}& & & & \\ & \text{6,000, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(c)}& \text{Suspense A/c}& \text{Dr}& & 1,000& \\ & \text{To Rakesh's A/c}& & & & 1,000\\ & \text{(Goods returned to Rakesh Rs. 4,000,}& & & & \\ & \text{wrongly posted as Rs. 500, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(d)}& \text{Mahesh's A/c}& \text{Dr}& & 2,000& \\ & \text{To Suspense A/c}& & & & 2,000\\ & \text{(Goods returned from Mahesh for}& & & & \\ & \text{Rs. 1,000, wrongly posted as Rs. 3,000, now}& & & & \\ & \text{rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(e)}& \text{Suspense A/c}& \text{Dr}& & 1,800& \\ & \text{To Sales A/c}& & & & 1,800\\ & \text{(Cash sales of Rs. 2,000, wrongly posted}& & & & \\ & \text{as Rs. 200, now rectified)}& & & & \end{array}$

$\begin{array}{cccccccc}\text{Dr}& & & & \text{Suspense Account}& & & \text{Cr}\end{array}$

$\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}& \text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}\\ \text{(a)}& \text{Mohan}& & 2000& \text{(d)}& \text{Mahesh}& & 2000\\ \text{(b)}& \text{Rohan}& & 3000& & \text{Balance c/d}& & \text{5800}\\ \text{(c)}& \text{Rakesh}& & 1000& & & & \\ \text{(e)}& \text{Sales A/c}& & \underset{–}{1800}& & & & \underset{–}{}\\ & & & \underset{–}{7800}& & & & \underset{–}{7800}\end{array}$