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Question

Rectify the following errors assuming:-
that such a suspense account has been opened.
1. Goods costing ₹ 800 purchased from Sachin on credit were omitted to be credited to his account.
2. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 80.
3. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 880.
4. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account.
5. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account as ₹ 80.

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Solution

One Sided Errors
Journal
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Suspense A/c Dr. 800
To Sachin’s A/c
800
(Goods purchased from Sachin omitted to be credited to his account)
2) Suspense A/c Dr. 720
To Sachin’s A/c
720
(Goods purchased from Sachin credited to his account as Rs 80, instead of Rs 800)
3) Sachin’s A/c Dr. 80
To Suspense A/c
80
(Goods purchased from Sachin credited to his account as Rs 880, instead of Rs 800)
4) Suspense A/c Dr. 1,600
To Sachin’s A/c
1,600
(Goods purchased from Sachin debited to his account)
5) Suspense A/c Dr. 880
To Sachin’s A/c
880
(Goods purchased from Sachin debited to his account as Rs 80)

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