Question

Rectify the following errors:
(i) The Sales Book has been totalled ₹ 1,000 short.
(ii) Goods worth ₹ 1,500 returned by Green and Co. have not been recorded anywhere.
(iii) Goods purchased worth ₹ 2,500 have been posted to the debit of the supplier, Gupta and Co.
(iv) Furniture purchased from Gulab and Co. worth ₹ 10,000 has been entered in Purchases Day Book.
(v) Cash received from A ₹ 2,500 has not been posted in his account.

Answer 1

One Sided Errors

Rectifying Journal Entries
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
i)	Suspense A/c	Dr.		1,000
	To Sales A/c				1,000
	(Undercasting of Sales Book)
ii)	Sales Return A/c	Dr.		1,500
	To Green & Co.				1,500
	(Goods returned by Green & Co. omitted to be recorded)
iii)	Suspense A/c	Dr.		5,000
	To Gupta & Co.				5,000
	(Goods purchased debited to supplier account)
iv)	Furniture A/c	Dr.		10,000
	To Purchases A/c				10,000
	(Purchase of furniture recorded in Purchases Book)
v)	Suspense A/c	Dr.		2,500
	To A’s A/c				2,500
	(Cash received from A omitted to be posted to his account)