Question

Rectify the following errors.

(i) Sales book overcast by Rs. 700.

(ii) Purchase book overcast by Rs. 500.

(iii) Sales return book overcast by Rs. 300.

(iv) Purchase return book overcast by Rs. 200.

(v) Sales book undercast by Rs. 300.

(vi) Purchase book undercast by Rs. 400.

(vii) Return inwards book undercast by Rs. 200.

(viii) Return outwards book undercast by Rs. 100.

Answer 1

$\begin{array}{c}\text{Rectification Entries in Journal}\end{array}$

$\begin{array}{ccccc}\text{Date}& \text{Particulars}& \text{LF}& \text{Amt(Dr)}& \text{Amt(Cr)}\\ \text{(i)}& \text{Sales A/c}\text{Dr}& & \text{700}& \\ & \text{To Suspense A/c}& & & \text{700}\\ & \text{(Sales books overcast by Rs. 700,}& & & \\ & \underset{–}{\text{now rectified)}}& & & \\ \text{(ii)}& \text{Suspense A/c}\text{Dr}& & \text{500}& \\ & \text{To Purchases A/c}& & & \text{500}\\ & \text{(Purchases book overcast Rs. 500,}& & & \\ & \underset{–}{\text{now rectified}}& & & \\ \text{(iii)}& \text{Suspense A/c}\text{Dr}& & \text{300}& \\ & \text{To Sales Return A/c}& & & \text{300}\\ & \text{(Sales return books overcast by}& & & \\ & \underset{–}{\text{Rs. 300, now rectified)}}& & & \\ \text{(iv)}& \text{Purchases Return A/c}\text{Dr}& & \text{200}& \\ & \text{To Suspense A/c}& & & \text{200}\\ & \text{(Purchases return book overcast by}& & & \\ & \underset{–}{\text{Rs. 200, now rectified)}}& & & \\ \text{(v)}& \text{Suspense A/c}\text{Dr}& & \text{200}& \\ & \text{To Sales A/c}& & & \text{200}\\ & \text{(Sales book undercast by}& & & \\ & \underset{–}{\text{Rs. 200, now rectified)}}& & & \\ \text{(vi)}& \text{Purchases A/c}\text{Dr}& & \text{400}& \\ & \text{To Suspense A/c}& & & \text{400}\\ & \text{(Purchases book undercast by Rs. 400,}& & & \\ & \underset{–}{\text{now rectified)}}& & & \\ \text{(vii)}& \text{Return Inwards A/c}\text{Dr}& & \text{200}& \\ & \text{To Suspense A/c}& & & \text{200}\\ & \text{(Sales return book undercast by}& & & \\ & \underset{–}{\text{Rs. 200, now rectifired )}}& & & \\ \text{(viii)}& \text{Suspense A/c}\text{Dr}& & \text{100}& \\ & \text{To Return Outwards A/c}& & & \text{100}\\ & \text{(Return outwards book undercast by Rs. 100,}& & & \\ & \text{now rectified)}& & & \end{array}$