Question

The Trial Balance shows a difference of Rs 1339 in the debit column and is made to agree by putting this difference against a suspense account later the following errors were discovered, Rectify them and prepare a suspense account.

1) Goods sold to Deepak worth Rs 550 on credit this was recorded in sales but not posted in the ledger to Deepak account.
2) Goods worth Rs 325 were returned by Bhat. The amount was credited to his account but was not entered in the sales Return Book.
3) Nandu paid Rs 760 to us, but their account was credited for Rs 706.
4) Goods worth Rs 225 purchased from Subhash were wrongly entered in the sales Book.
5) An amount of Rs 320 owned by Kishor was omitted from the list of Sundry Debtors.
6) The Purchase Book was overcast by Rs 252.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1	Deepak	Dr.		550
	To Suspense A/c				550
	(Goods sold to Deepak was not recorded in the Deepak’s Account, now rectified)
2	Sales Return A/c	Dr.		325
	To Suspense A/c				325
	(Sales returns was not recorded, now rectified)
3	Suspense A/c	Dr.		54
	To Nandu				54
	(Nandu’s Account credited with Rs 706 instead of Rs 760, now rectified)
4	Purchases A/c	Dr.		225
	Sales A/c	Dr.		225
	To Subhash				450
	(Purchases recorded as Sales, now rectified)
5	Kishor	Dr.		320
	To Suspense A/c				320
	(Kishor was not recorded in the list of Sundry Debtors, now rectified)
6	Suspense A/c	Dr.		252
	To Purchases A/c				252
	(Purchase Book overcasted, now rectified)

Suspense Account
Dr.	Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
	Balance b/d		1,339		Deepak A/c		550
	Nandu A/c		54		Sales Return A/c		325
	Purchases A/c		252		Kishor A/c		320
					Balance c/d		450
			1,645				1,645