Question

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

(a) Furniture purchased for Rs. 10,000 wrongly debited to purchase account as Rs. 4000

(b) Machinery purchased on credit from Raman for Rs. 20000 recorded through purchase book as Rs. 6000

(c) Repair of machinery Rs. 1400 debited to machinery account as Rs. 2400

(d) Repair on overhauling of secondhand machinery purchased Rs. 2000 was debited to repair account as Rs. 200

(e) Sale of old machinery at book value Rs. 3000 was credited to sales account as Rs. 5000

Answer 1

$\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Amt. (Dr)}& \text{Amt. (Cr)}\\ \text{(a)}& \text{Furniture A/c}& \text{Dr}& & 10000& \\ & \text{To Purchase A/c}& & & & 4000\\ & \text{To Suspense A/c}& & & & 6000\\ & \text{(Being purchase of furniture, for Rs. 10000}& & & & \\ & \text{entered wrongly in purchase book Rs. 4000}& & & & \\ & \text{now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(b)}& \text{Machinery A/c}& \text{Dr}& & 20000& \\ & \text{To Purchase A/c}& & & & 6000\\ & \text{To Raman}& & & & 14000\\ & \text{(Being purchase of machinery Rs. 20000}& & & & \\ & \text{wrongly entered in purchase book as Rs. 6000}& & & & \\ & \text{now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(c)}& \text{Repair A/c}& \text{Dr}& & 1400& \\ & \text{Suspense A/c}& \text{Dr}& & 1000& \\ & \text{To Machinery A/c}& & & & 2400\\ & \text{(Being repair of machinery Rs. 1400, wrongly}& & & & \\ & \text{debited to machinery account Rs. 2400, now}& & & & \\ & \text{rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(d)}& \text{Machinery A/c}& \text{Dr}& & 2000& \\ & \text{To Repair A/c}& \text{Dr}& & & 200\\ & \text{To Suspense A/c}& & & & 1800\\ & \text{(Being overhauling of secondhand machine}& & & & \\ & \text{Rs. 2000, wrongly debited to repair account as}& & & & \\ & \text{Rs. 200, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(e)}& \text{Sales A/c}& \text{Dr}& & 5000& \\ & \text{To Machinery A/c}& & & & 3000\\ & \text{To Suspense A/c}& & & & 2000\\ & \text{(Being sales of machinery for Rs. 3000, wrongly}& & & & \\ & \text{credited to sales account as Rs. 5000, now}& & & & \\ & \text{rectified)}& & & & \end{array}$

$\begin{array}{cccccccc}\text{Dr}& & & & \text{Suspense Account}& & & \text{Cr}\end{array}$

$\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}& \text{Date}& \text{Particulars}& \text{JF}& \text{Amt. Rs}\\ \text{(c)}& \text{Machinery A/c}& & 1000& \text{(a)}& \text{Furniture A/c}& & 6000\\ & \text{Balance c/d}& & 8800& \text{(d)}& \text{Machinery A/c}& & \text{1800}\\ & & & \underset{–}{}& \text{(e)}& \text{Sales A/c}& & \underset{–}{2000}\\ & & & \underset{–}{9800}& & & & \underset{–}{9800}\end{array}$