CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Rectify the following errors:
(i) The Sales Book of December was added short by ₹ 500.
(ii) A periodical total of the Purchases Book was cast short by ₹ 5,000.
(iii) The total of Purchases Return Book has been undercast by ₹ 1,500.
(iv) The Sales Return Book is added ₹ 200 short.

Open in App
Solution

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

Suspense A/c

Dr.

500

To Sales A/c

500

(Sales Book was added short, now rectified)

Purchases A/c

Dr.

5,000

To Suspense A/c

5,000

(Purchases Book was undercast, now rectified)

Suspense A/c

Dr.

1,500

To Purchases Return A/c

1,500

(Purchases Return Book was cast short now rectified)

Sales Return A/c

Dr.

200

To Suspense A/c

200

(Sales Return Book was undercast now rectified)


flag
Suggest Corrections
thumbs-up
3
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Adjustments in Financial Statements
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon