Question

Rectify the following errors:
(i) The total of one page of Sales Book was carried forward as ₹ 371 instead of ₹ 317.
(ii) ₹ 540 received from Yatin was posted to the debit of his Account.
(iii) Purchases Returns Book was overcast by ₹ 300.
(iv) An item of ₹ 1,062 entered in Sales Return Book had been posted to the debit of customer who returned the goods.
(v) ₹ 1,500 paid for furniture purchased had been charged to ordinary Purchase Account.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Sales A/c	Dr.		54
	To Suspense A/c				54
	(One page of Sale Book Rs 317 was wrongly forwarded as Rs 371, now rectified)
(ii)	Suspense A/c	Dr.		1,080
	To Yatin				1,080
	(Received Rs 540 from Yatin posted wrongly to the debit side of his account, now rectified)
(iii)	Purchases Return A/c	Dr.		300
	To Suspense A/c				300
	(Purchases Return Book was overcast, by now rectified)
(iv)	Suspense A/c	Dr.		2,124
	To Customer				2,124
	(Goods return by Customer Rs 1,062 was posted wrongly to the debit of his account, now rectified)
(v)	Furniture A/c	Dr.		1,500
	To Purchases A/c				1,500
	(Amount paid for purchase of Furniture wrongly debited to Purchases Account, now rectified)