Plz help me.....
1)Rectify the following errors with correct and wrong entry..
1. A bill receivable for Rs. 300 received from Shohan was passed through the bills payable book.
2. An amount of Rs. 236 due from Lalta prasd which had been written off as a bad debt in a previous year was unexpectedly recovered and had been posted to the personal a/c of Lalta prasad.
2) Rectify the following errors with suspence a/c..
1. The monthly total of returns inwards book Rs. 400 was nat posted.
2. An item of Rs. 45 has been debited to a personal a/c as Rs. 54.
3. The total of the discount column on the debit side of cash book has been added short by Rs. 40.
PLZ PLZ help me in solving this......
Journal | |||||
Date | Particulars | L.F. | Debit Amount Rs | Credit Amount Rs | |
(1) |
|
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| |
Correct | Bills Receivable A/c | Dr. |
| 300 |
|
| To Sohan |
|
| 300 | |
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Wrong | Sohan A/c | Dr. |
|
|
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| To Bills Payable A/c |
| 300 |
| |
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| 300 | |
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Rectifying | Bills Receivable A/c | Dr. |
| 300 |
|
| Bills Payable A/c | Dr. |
| 300 |
|
| To Sohan A/c |
|
| 600 | |
| (Bills Receivable received from Sohan entered wrongly in Bills Payables book, now rectified) |
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(2) |
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Correct | Cash A/c | Dr. |
| 236 |
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| To Bad debts Recovered A/c |
|
| 236 | |
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Wrong | Cash A/c | Dr. |
| 236 |
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| To Lalta Prasad |
|
| 236 | |
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Rectifying | Lalta Prasad | Dr. |
| 236 |
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| To Bad debts Recovered A/c |
|
| 236 | |
| ( Bad Debt Recovered from the Lalta Prasad was wrongly credited to his Personal A/c, now rectified) |
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| Rectification by opening Suspense A/c |
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1 | Return Inwards A/c | Dr. |
| 400 |
|
| To Suspense A/c |
|
| 400 | |
| (Return Inwards Book was not posted, now rectified) |
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2 | Suspense A/c | Dr. |
| 9 |
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| To Personal A/c |
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| 9 | |
| (An item has been debited in Personal A/c by excess of Rs 9 (54-45), now rectified) |
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3 | Discount Allowed A/c | Dr. |
| 40 |
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| To Suspense A/c |
|
| 40 | |
| (Discount Column on debit side of Cash Book is added short by Rs 40, now rectified) |
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