Question

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account.

(b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000.

(c) Goods returned to Rakesh Rs. 4,000 were posted to the credit of his account.

(d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000.

(e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

Answer 1

Rectification Entries in Journal

$\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Amt. (Dr)}& \text{Amt. (Cr)}\\ \text{(a)}& \text{Mohan's A/c}& \text{Dr}& & 14,000& \\ & \text{To Suspense A/c}& & & & 14,000\\ & \text{(Goods sold to Mohan wrongly}& & & & \\ & \text{credited to his account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(b)}& \text{Suspense A/c}& \text{Dr}& & 15,000& \\ & \text{To Rohan's A/c}& & & & 15,000\\ & \text{(Goods purchased from Rohan, for}& & & & \\ & \text{Rs. 9,000, wrongly debited to his as Rs. 6,000,}& & & & \\ & \text{now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(c)}& \text{Rakesh's A/c}& \text{Dr}& & 8,000& \\ & \text{To Suspense A/c}& & & & 8,000\\ & \text{(Goods returned to Rakesh wrongly}& & & & \\ & \text{posted to credit in his account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(d)}& \text{Suspense A/c}& \text{Dr}& & 3,000& \\ & \text{To Mahesh's A/c}& & & & 3,000\\ & \text{(Goods returned by Mahesh for}& & & & \\ & \text{Rs. 1,000, wrongly debited to his account}& & & & \\ & \text{Rs. 2,000, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(e)}& \text{Suspense A/c}& \text{Dr}& & 7,000& \\ & \text{To Sales A/c}& & & & 7,000\\ & \text{(Cash sales of Rs. 2,000, wrongly}& & & & \\ & \text{debited to sales account as 5,000, now}& & & & \\ & \text{rectified)}& & & & \end{array}$

$$\begin{array}{cccccccc}\text{Dr}& & & & \text{Suspense Account}& & & \text{Cr}\end{array}$$ \\
$$\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}& \text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}\\ \text{(b)}& \text{Rohan's A/c}& & 15,000& \text{(a)}& \text{Mohan's A/c}& & 14,000\\ \text{(d)}& \text{Mahesh A/c}& & 3,000& \text{(c)}& \text{Rakesh's A/c}& & 8,000\\ \text{(e)}& \text{Sales}& & 7,000& & \text{Balance c/d}& & 3,000\\ & & & \underset{–}{}& & & & \underset{–}{}\\ & & & \underset{–}{25,000}& & & & \underset{–}{25,000}\end{array}$$\)