Question

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

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Suspense A/c	Dr.		1,000
	To Sales A/c				1,000
	(Sales Book was undercast, now rectified)
(ii)	Sales Return A/c	Dr.		1,500
	To Green & Co				1,500
	(Goods returned by Green & Co was not recorded, now recorded)
(iii)	Suspense A/c	Dr.		5,000
	To Gupta & Co				5,000
	(Goods purchased of Rs 2,500 from Gupta & Co was wrongly debited to his account, now rectified)
(iv)	Furniture A/c	Dr.		10,000
	To Purchases A/c				10,000
	(Purchase of goods Rs 10,000 was debited wrongly to Purchases Book, now rectified)
(v)	Suspense A/c	Dr.		2,500
	To A				2,500
	(Cash received from A was not posted to his account, now rectified)