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Question

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

(a) Depreciation provided on machinery Rs. 4,000 was not posted to depreciation account.

(b) Bad debts are written off Rs. 5,000 were not posted to debtor's account.

(c) Discount allowed to a debtor Rs. 100 on receiving cash from him was not posted to discount allowed account.

(d) Goods were withdrawn by the proprietor for personal use Rs. 800 were not posted to drawings account.

(e) Bill receivable for Rs. 2,000 received from a debtor was not posted to bills receivable account.

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Solution

DateParticularsLFAmt. (Dr)Amt. (Cr)(a)Depreciation A/cDr4,000 To Suspense A/c4,000(Depreciation on machinery was notposted to depreciation account, now rectified) –––––––––––––––––––––––––––––––––––––––––––––––––––––––––(b)Suspense A/cDr5,000 To Debtor's A/c5,000(Bad debts written off were not posted todebtor's account, now rectified) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––(c)Discount Allowed A/cDr100 To Suspense A/c100(Discount allowed to customer, notposted to discount account, now rectified) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––(d)Drawings A/cDr800 To Suspense A/c800(Goods withdrawn for personal use, notrecorded in drawings account, now rectified) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––(e)Bills Receivable A/cDr2,000 To Suspense A/c2,000(Bills receivable received from debtorswas not recorded in bills receivable account,now rectified)
Dr Suspense Account Cr

DateParticularsJFAmt. RsDateParticularsJFAmt. Rs(b)Debtor's A/c5,000(a)Depreciation 4,000A/c Balance c/d1,900(c)Discount100Allowed A/c(d)Drawings A/c800(e)Bills2,000 ––Receivable A/c ––6,900––––6,900––––


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Q.

Rectify the following errors:

(a)

Depreciation provided on machinery Rs 4,000 was posted as Rs 400.

(b)

Bad debts written off Rs 5,000 were posted as Rs 6,000.

(c)

Discount allowed to a debtor Rs 100 on receiving cash from him was posted as Rs 60.

(d)

Goods withdrawn by proprietor for personal use Rs 800 were posted as Rs 300.

(e)

Bill receivable for Rs 2,000 received from a debtor was posted as Rs 3,000.

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