Trial balance of Khatau did not agree He put the difference to suspense account and discovered the following errors: - Accountancy - Trial Balance and Rectification of Errors

Question

Trial balance of Khatau did not agree He put the
difference to suspense account and discovered the following
errors:

(a)

Credit sales to Manas Rs 16,000 were recorded in
the purchases book as Rs 10,000 and posted to the debit of Manas as
Rs 1,000

(b)

Furniture purchased from Noor Rs 6,000 was recorded
through purchases book as Rs 5,000 and posted to the debit of Noor
Rs 2,000

(c)

Goods returned to Rai Rs 3,000 recorded through the
Sales book as Rs 1,000

(d)

Old machinery sold for Rs 2,000 to Maneesh recorded
through sales book as Rs 1,800 and posted to the credit of Manish
as Rs 1,200

(e)

Total of Returns inwards book Rs 2,800 posted to
Purchase account

Rectify the above errors and prepare suspense
account to ascertain the difference in trial balance

Saurabh Mehta · Accepted Answer

Journal

S No

Particulars

L F

Debit Amount Rs

Credit Amount Rs

(a)

Suspense A/c

Dr

11,000

Manas

Dr

15,000

To Purchases
A/c

10,000

To Sales
A/c

16,000

(Goods sold to Manas Rs
16,000 wrongly recorded in Purchases
Book as Rs 10,000 and debited to Manasâ€™s Account as Rs
1,000,
now rectified)

(b)

Furniture A/c

Dr

6,000

Suspense A/c

Dr

7,000

To Noor

8,000

To Purchases
A/c

5,000

(Furniture purchased Rs 6,000 from Noor wrongly recorded in
Purchases Book as Rs 5,000 and debited to
Noorâ€™s Account
as
Rs 2,000, now rectified)

(c)

Sales A/c

Dr

1,000

Rai A/c

Dr

2,000

To Return Outwards
A/c

3,000

(Goods returned to Rai Rs
3,000 wrongly recorded in the
Sales Book as Rs 1,000, now rectified)

(d)

Manish A/c

Dr

1,200

Sales A/c

Dr

1,800

Maneesh
A/c

Dr

2,000

To Machinery
A/c

2,000

To Suspense
A/c

3,000

(Old machinery sold to Maneesh Rs 2,000 wrongly recorded in
the Sales Book as Rs 1,200 and wrongly credited to
Manish's
Account as Rs 1,200, now rectified)

(e)

Return Inwards A/c

Dr

2,800

To Purchases
A/c

2,800

(Total of Return Inwards Book wrongly posted to
Purchases
Account, now rectified)

Suspense Account

Dr

Cr

S No

Particulars

J F

Amount

Rs

S No

Particulars

J F

Amount

Rs

(a)

Sales

11,000

(d)

Sundries (Manish, Sales,

(b)

Noor

7,000

Maneesh)

3,000

Balance c/d

15,000

18,000

Journal
S. No.	Particulars				L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Suspense A/c			Dr.		11,000
	Manas			Dr.		15,000
		To Purchases A/c					10,000
		To Sales A/c					16,000
	(Goods sold to Manas Rs 16,000 wrongly recorded in Purchases Book as Rs 10,000 and debited to Manas’s Account as Rs 1,000, now rectified)

(b)	Furniture A/c			Dr.		6,000
	Suspense A/c			Dr.		7,000
		To Noor					8,000
		To Purchases A/c					5,000
	(Furniture purchased Rs 6,000 from Noor wrongly recorded in Purchases Book as Rs 5,000 and debited to Noor’s Account as Rs 2,000, now rectified)

(c)	Sales A/c			Dr.		1,000
	Rai A/c			Dr.		2,000
		To Return Outwards A/c					3,000
	(Goods returned to Rai Rs 3,000 wrongly recorded in the Sales Book as Rs 1,000, now rectified)

(d)	Manish A/c		Dr.			1,200
	Sales A/c		Dr.			1,800
	Maneesh A/c		Dr.			2,000
		To Machinery A/c					2,000
		To Suspense A/c					3,000
	(Old machinery sold to Maneesh Rs 2,000 wrongly recorded in the Sales Book as Rs 1,200 and wrongly credited to Manish's Account as Rs 1,200, now rectified)

(e)	Return Inwards A/c			Dr.		2,800
		To Purchases A/c					2,800
	(Total of Return Inwards Book wrongly posted to Purchases Account, now rectified)

Suspense Account
Dr.							Cr.
S. No.	Particulars	J.F.	Amount Rs	S. No.	Particulars	J.F.	Amount Rs
(a)	Sales		11,000	(d)	Sundries (Manish, Sales,
(b)	Noor		7,000		Maneesh)		3,000
					Balance c/d		15,000

			18,000				18,000