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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.


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)      
         

Accountancy
DK Goel (2019)
All

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