Rectify the following errors found in the books of Mr Dutt The Trial Balance as on 31st March, - Accountancy - Rectification of Errors

Question

Rectify the following errors found in the books of Mr Dutt The
Trial Balance as on 31st
March, 2020 showed excess credit of `₹ 493 The difference was
posted to the Suspense
Account [12]
(i) An amount of ₹` 100 was received from D Das on 31st
March, 2020, but had
been entered in the Cash Book on 4th April, 2020

6
(ii) The total of Returns Inward Book for March had been cast short
by ₹` 100
(iii) The purchase of a table for office use costing ` ₹300
had been passed through
the Purchases Book
(iv) ₹ 375 paid for wages to workmen for making showcases had
been charged to
the Wages Account
(v) A purchase of ` ₹67 had been posted to the
Creditor’s Account as `₹ 60
(vi) A cheque for `₹ 200 received from P C Joshi had been
dishonoured and was
debited to the Allowances Account
(vii) ₹ 1,000 paid for the purchase of a motor cycle for Mr
Dutt had been charged
to the Miscellaneous Expenses Account
(viii) Goods amounting to `₹ 100 had been returned by a
customer and were taken
into stock, but no entry in respect thereof was made in the
books
(ix) A sale of `₹ 200 to Singhi & Co , was wrongly
credited to their account

Shruti Mishra · Accepted Answer

Solution :-

JOURNALâ€‹â€‹â€‹

S No
Particulars
L F
Debit
Credit

(i)
Bank A/c Dr

100

To D Das A/c

100

(Being Error rectified )

(ii)
Return Inwards A/c Dr

100

To Suspense A/c

100

(Being Error rectified )

(iii)
Wrong Entry :-

Purchase A/c Dr

300

To Cash / Creditor A/c

300

Right Entry:-

Furniture A/c Dr

300

To Cash / Creditor A/c

300

Rectification Entry :-

Furniture A/c Dr

300

To Purchase A/c

300

(Being Error rectified )

(iv)
Wrong Entry:-

Wages A/c Dr

375

To Cash A/c

375

Right Entry:-

Showcase A/c Dr

375

To Cash A/c

375

Rectification Entry:-

Showcases A/c Dr

375

To Wages A/c

375

(Being Error rectified )

(v)
Suspense A/c Dr

07

To Creditors A/c

07

(Being Error rectified )

(vi)
Right Entry:-

Allowances A/c Dr

200

To Bank A/c

200

Wrong Entry:-

P C Joshi's A/c Dr

200

To Bank A/c

200

Rectification Entry:-

P C Joshi's A/c Dr

200

To Allowances A/c

200

(Being error rectified )

(vii)
Wrong Entry:-

Miscellaneous Expenses A/c Dr

1,000

To Bank A/c

1,000

Right Entry:-

Drawings A/c Dr

1,000

To Bank A/c

1,000

Rectification Entry:-

Drawings A/c Dr

1,000

To Miscellaneous Expenses A/c

1,000

(Being error rectified )

viii
Sales Return A/c Dr

100

To Debtors A/c

100

(Being error rectified )

ix
Singhi and amp A/c Dr

400

To Sales

400

(Being error rectified )

S.No.	Particulars	L.F	Debit	Credit
(i)	Bank A/c Dr.		100
	To D. Das A/c			100
	(Being Error rectified.)

(ii)	Return Inwards A/c Dr.		100
	To Suspense A/c			100
	(Being Error rectified.)

(iii)	Wrong Entry :-
	Purchase A/c Dr.		300
	To Cash / Creditor A/c			300

	Right Entry:-
	Furniture A/c Dr.		300
	To Cash / Creditor A/c			300

	Rectification Entry :-
	Furniture A/c Dr.		300
	To Purchase A/c			300
	(Being Error rectified.)

(iv)	Wrong Entry:-
	Wages A/c Dr.		375
	To Cash A/c			375

	Right Entry:-
	Showcase A/c Dr.		375
	To Cash A/c			375

	Rectification Entry:-
	Showcases A/c Dr.		375
	To Wages A/c			375
	(Being Error rectified.)

(v)	Suspense A/c Dr.		07
	To Creditors A/c			07
	(Being Error rectified.)

(vi)	Right Entry:-
	Allowances A/c Dr.		200
	To Bank A/c			200

	Wrong Entry:-
	P.C. Joshi's A/c Dr.		200
	To Bank A/c			200

	Rectification Entry:-
	P.C. Joshi's A/c Dr.		200
	To Allowances A/c			200
	(Being error rectified.)

(vii)	Wrong Entry:-
	Miscellaneous Expenses A/c Dr.		1,000
	To Bank A/c			1,000

	Right Entry:-
	Drawings A/c Dr.		1,000
	To Bank A/c			1,000

	Rectification Entry:-
	Drawings A/c Dr.		1,000
	To Miscellaneous Expenses A/c			1,000
	(Being error rectified.)

viii	Sales Return A/c Dr.		100
	To Debtors A/c			100
	(Being error rectified.)

ix	Singhi and amp A/c Dr.		400
	To Sales			400
	(Being error rectified.)