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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.

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Solution

Rectification Entries in Journal

DateParticularsLFAmt. (Dr)Amt. (Cr)(a)Mohan's A/cDr14,000 To Suspense A/c14,000(Goods sold to Mohan wrongly credited to his account, now rectified) –––––––––––––––––––––––––––––––––––––––––––––––––––––––––(b)Suspense A/cDr15,000 To Rohan's A/c15,000(Goods purchased from Rohan, forRs. 9,000, wrongly debited to his as Rs. 6,000,now rectified) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––(c)Rakesh's A/cDr8,000 To Suspense A/c8,000(Goods returned to Rakesh wronglyposted to credit in his account, now rectified) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––(d)Suspense A/cDr3,000 To Mahesh's A/c3,000(Goods returned by Mahesh forRs. 1,000, wrongly debited to his accountRs. 2,000, now rectified) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––(e)Suspense A/cDr7,000 To Sales A/c7,000(Cash sales of Rs. 2,000, wronglydebited to sales account as 5,000, nowrectified)

Dr Suspense Account Cr \\
DateParticularsJFAmt. RsDateParticularsJFAmt. Rs(b)Rohan's A/c15,000(a)Mohan's A/c14,000(d)Mahesh A/c3,000(c)Rakesh's A/c8,000(e)Sales7,000Balance c/d3,000 –– ––25,000––––––25,000––––––\)


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