Question

Refctify the following errors and ascertain the amount of difference in trial balance by preparing suspense account.
(i) Credit sales to Mohan Rs. 7.000 were not posted.
(ii) Credit purchase from Rohan Rs. 9,000 were not posted.
(iii) Goods returned to Rakesh Rs. 4,000 were not posted.
(iv) Goods returned from Mahesh Rs. 1,000 were not posted.
(v) Cash paid to Ganesh Rs. 3,000 was not posted
(vi) Cash sales Rs. 2,000 were not posted.

Answer 1

Rectification Entries in Journal
$$\begin{array}{ccccc}\text{Date}& \text{Particular}& \text{LF}& \text{Amt. (Dr)}& \text{Amt.(Cr)}\\ \left(i\right)& \text{Mohan's A/c}\text{Dr}& & 7,000& \\ & \text{To Suspense A/c}& & & 7,000\\ & \text{(Goods sold to Mohan on credit)}& & & \\ & \underset{–}{}& & & \\ \left(ii\right)& \text{Suspense A/c}\text{Dr}& & 9,0000& \\ & \text{To Rohan's A/c}& & & 9,000\\ & \text{(Goods Purchased from Rohan)}& & & \\ & \underset{–}{}& & & \\ \left(iii\right)& \text{Suspense A/c}\text{Dr}& & 4,000& \\ & \text{To Rakesh's A/c}& & & 4,000\\ & \text{(Goods reutrned to Rakesh)}& & & \\ & \underset{–}{}& & & \\ \left(iv\right)& \text{Suspense A/c}\text{Dr}& & 1,000& \\ & \text{To Mahesh's A/c}& & & 1,000\\ & \text{(Goods returned by Mahesh)}& & & \\ & \underset{–}{}& & & \\ \left(v\right)& \text{Ganesh's A/c}\text{Dr}& & 3,000& \\ & \text{To Suspense A/c}& & & 3,000\\ & \text{(Cash paid to Ganesh )}& & & \\ & \underset{–}{}& & & \\ \left(vi\right)& \text{Suspense A/c}\text{Dr}& & 2,000& \\ & \text{To Sales A/c}& & & 2,000\\ & \text{(Cash sales was not posted)}& & & \end{array}$$
Dr Suspense Account Cr
$$\begin{array}{cccccccc}\text{Date}& \text{Particular}& \text{LF}& \text{Amt. Rs.}& \text{Date}& \text{Particular}& \text{JF}& \text{Amt. (Rs.)}\\ & \text{Rohan's A/c}& & 9,000& & \text{Mohan's A/c}& & 7,000\\ & \text{Mahesh's A/c}& & 1,000& & \text{Rakesh's A/c}& & 4,000\\ & \text{Sales A/c}& & 2,000& & \text{Ganesh's A/c}& & 3,000\\ & \text{Balance c/d}& & 2,000& & & & \\ & & & \underset{–}{}& & & & \underset{–}{}\\ & & & 14,000& & & & 14,000\\ & & & \underset{–}{}& & & & \underset{–}{}\end{array}$$