Question

There was a difference of ₹ 430 in a Trial Balance. It was placed on the Debit side of a Suspense A/c. Later on the following errors were discovered. Pass rectifying entries and prepare Suspense A/c.
1. Purchases book was overcast by ₹ 100.
2. Sales book was overcast by ₹ 1,000.
3. Goods for ₹ 800 purchased from Umakant, though entered in the purchase book, has not been posted to his account.
4. An amount of ₹ 500 has been posted to the credit side of commission account instead of ₹ 570.
5. Goods sold to Bharti for ₹ 4,400 has been posted to her account as ₹ 4,000.
6. Goods sold to X for ₹ 750 were recorded in purchase book.

Answer 1

One Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1)	Suspense A/c	Dr.		100
	To Purchases A/c				100
	(Overcasting of Purchases Book)
2)	Sales A/c	Dr.		1,000
	To Suspense A/c				1,000
	(Overcasting of Sales Book)
3)	Suspense A/c	Dr.		800
	To Umakant’s A/c				800
	(Goods purchased from Umakant not posted to his account)
4)	Suspense A/c	Dr.		70
	To Commission A/c				70
	(Amount of Rs 500 posted to the credit side of Commission Account, instead of Rs 570)
5)	Bharti’s A/c	Dr.		400
	To Suspense A/c				400
	(Goods sold to Bharti for Rs 4,400 posted as Rs 4,000)
6)	X’s A/c	Dr.		1,500
	To Sales A/c				750
	To Purchases A/c				750
	(Goods sold to X recorded in Purchases Book)

Suspense Account
Dr.					Cr.
Particulars		Amount (Rs)	Particulars	Amount (Rs)
Difference in Trial Balance		430	Sales A/c	1,000
Purchases A/c		100	Bharti’s A/c	400
Uma Kant’s A/c		800
Commission A/c		70
		1,400		1,400