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)

 

 

 

 

Correct

Bills Receivable A/c

Dr.

 

300

 

 

To Sohan

 

 

300

 

 

 

 

 

Wrong

Sohan A/c

Dr.

 

 

 

 

To Bills Payable A/c

 

300

 

 

 

 

 

300

 

 

 

 

 

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)

 

 

 

 

 

 

 

 

(2)

 

 

 

 

Correct

Cash A/c

Dr.

 

236

 

 

To Bad debts Recovered A/c

 

 

236

 

 

 

 

 

Wrong

Cash A/c

Dr.

 

236

 

 

To Lalta Prasad

 

 

236

 

 

 

 

 

Rectifying

Lalta Prasad

Dr.

 

236

 

 

To Bad debts Recovered A/c

 

 

236

 

( Bad Debt Recovered from the Lalta Prasad was wrongly credited to his Personal A/c, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rectification by opening Suspense A/c

 

 

 

1

Return Inwards A/c

Dr.

 

400

 

 

To Suspense A/c

 

 

400

 

(Return Inwards Book was not posted, now rectified)

 

 

 

 

 

 

 

 

2

Suspense A/c

Dr.

 

9

 

 

To Personal A/c

 

 

9

 

(An item has been debited in Personal A/c by excess of Rs 9 (54-45), now rectified)

 

 

 

 

 

 

 

 

3

Discount Allowed A/c

Dr.

 

40

 

 

To Suspense A/c

 

 

40

 

(Discount Column on debit side of Cash Book is added short by Rs 40, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

  • 0

Bills receivable a/c dr  300.

bills payablea/c dr.       300

        To Sohan                           600

2. lalta a/c dr. 236 To bad debts recovered a/c236 

  • -1

 Hey frnd, i want correct and wrong entries also.... Cn u plz provide me?? Plz???

  • 0

 2)1. Sales return a/c dr.400                    3. Discount allowed a/c dr  40

            To Suspense a/c   400                                  To suspense a/c           40

  • 0

Wrong Entry                                         correct entry                                      rectfying entry

Sohan a/c dr.300                    bills receivable a/c dr.300                     Bills receivable a/c dr.300

      To bills payable a/c300        To sohan a/c                        300        Bills payable a/c dr.300

                                                                                                                                To sohan a/c                       600

2. Cash a/c dr.236                    cash a/c dr.236                                      lalta a/c dr.236

       To lalta prasad a/c236            To bad debts recovereda/c 236        To bad debts recovered a/c 236

  • 1
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