Question

Rectify the following errors assuming that there is no Suspense Account:
(i) The Returns Inward Book has been overcasted by ₹ 200.
(ii) Purchases Book carried forward ₹ 75 less.
(iii) Sales Book carried forward ₹ 41 less on Page 10 and ₹ 43 more on Page 12.
(iv) Goods sold to Gautam were posted as ₹ 215 instead of ₹ 251.

Answer 1

(i)

Return Inwards Book
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
					Over Casting of Return Inwards Book		200

(ii)

Purchases Account
Dr..								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
	Carry forwarding of Purchases Book Less		75

(iii)

Sales Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
	Net Carry forwarding of Sales Book excess		2

(iv)

Sales Account
Dr.							Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.		Amount (₹)
					Difference in the amount posted			36

Gautam Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
	Difference in the amount posted		36