Question

Rectify the following errors by opening a suspense account credit side of the trial balance was cast short and the difference of trial account.

1) Paid Rs 700 to Nishigandha was debited to pritigantha account.
2) Total of sales book cast short by Rs 175.
3) Purchased goods casting Rs 690 on credit from shrawani was recorded in the purchase book but failed to credit shrawani account.
4) Total of purchase book was Overcast by Rs 95.
5) Received Rs 548 from Firoz on account was correctly recorded in cash account but Firoz account was credited by Rs 584.
6) Paid Advertisement Expenses amounted to Rs 350 was wrongly recorded twice in the Advertisement account.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1	Nishigandha	Dr.		700
	To Pritigantha				700
	(Amount paid to Nishigandha debited to Pritigantha’s Account, now rectified)
2	Suspense A/c	Dr.		175
	To Sales A/c				175
	(Sales book undercasted, now rectified)
3	Suspense A/c	Dr.		690
	To Shrawani				690
	(Goods purchased on credit from Shrawani were not credited to her account, now rectified)
4	Suspense A/c	Dr.		95
	To Purchase A/c				95
	(Purchase book overcasted, now rectified)
5	Firoz	Dr.		36
	To Suspense A/c				36
	(Firoz’s Account was credited by Rs 584 instead of Rs 548, now rectified)
6	Suspense A/c	Dr.		350
	To Advertisement A/c				350
	(Advertisement Account debited twice, now rectified)