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Page No 18.39:

Question 1:

Rectify the following errors:
(i) Credit sales to Mridula ₹ 5,000 were not recorded.
(ii) Credit purchases from Nayna ₹ 8,000 were not recorded.
(iii) Goods returned to Priya ₹ 12,000 were not recorded.
(iv) Goods returned from Rashi ₹ 10,000 were not recorded.

Answer:

Two-Sided Errors
 

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Mridula’s A/c Dr.   5,000  
 
To Sales A/c
      5,000
  (Credit sales to Mridula were omitted to be recorded)      
           
ii) Purchases A/c Dr.   8,000  
 
To Nayna’s A/c
      8,000
  (Credit purchases from Nayna were omitted to be recorded)      
           
iii) Priya’s A/c Dr.   12,000  
 
To Purchases Return A/c
      12,000
  (Goods returned to Priya were omitted to be recorded)      
           
iv) Sales Return A/c Dr.   10,000  
 
To Rashi’s A/c
      10,000
  (Goods returned from Rashi were omitted to be recorded)      
         

Page No 18.39:

Question 2:

Rectify the following errors:
(i) Credit sales to Mridula ₹ 5,000 were recorded as ₹ 500.
(ii) Credit purchases from Nayna ₹ 8,000 were recorded as ₹ 800.
(iii) Goods returned to Priya ₹ 12,000 were recorded as ₹ 1,200.
(iv) Goods returned from Rashi ₹ 10,000 were recorded as ₹ 1,000.

Answer:

Two Sided Errors

Journal
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Mridula’s A/c Dr.   4,500  
 
To Sales A/c
      4,500
  (Credit sales to Mridula were recorded as Rs 500 instead of Rs 5,000)      
           
ii) Purchases A/c Dr.   7,200  
 
To Nayna’s A/c
      7,200
  (Credit purchases from Nayna were recorded as Rs 800 instead of Rs 8,000)      
           
iii) Priya’s A/c Dr.   10,800  
 
To Purchases Return A/c
      10,800
  (Goods returned to Priya were recorded as Rs 1,200 instead of Rs 12,000)      
           
iv) Sales Return A/c Dr.   9,000  
 
To Rashi’s A/c
      9,000
  (Goods returned from Rashi were recorded as Rs 1,000 instead of Rs 10,000)        
         

Page No 18.39:

Question 3:

Rectify the following errors:
(i) Credit sales to Mridula ₹ 5,000 were recorded as ₹ 5,400.
(ii) Credit purchases from Nayna ₹ 8,000 were recorded as ₹ 8,800.
(iii) Goods returned to Priya ₹ 12,000 were recorded as ₹ 12,200.
(iv) Goods returned from Rashi ₹ 10,000 were recorded as ₹ 11,000.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Sales A/c Dr.   400  
 
To Mridula’s A/c
      400
  (Credit sales to Mridula were recorded as Rs 5,400 instead of Rs 5,000)      
           
ii) Nayna’s A/c Dr.   800  
 
To Purchases A/c
      800
  (Credit purchases from Nayna were recorded as Rs 8,800 instead of Rs 8,000)      
           
iii) Purchases Return A/c Dr.   200  
 
To Priya’s A/c
      200
  (Goods returned to Priya were recorded as Rs 12,200 instead of Rs 12,000)      
           
iv) Rashi’s A/c Dr.   1,000  
 
To Sales Return A/c
      1,000
  (Goods returned from Rashi were recorded as Rs 11,000 instead of Rs 10,000)      
         

Page No 18.39:

Question 4:

Give rectifying entries for the following:
(i) A credit sales of goods to Ram ₹ 2,500 has been wrongly passed through the 'Purchases Book'.
(ii) A credit purchase of goods from Shyam amounting to ₹ 1,000 has been wrongly passed  through the 'Sales Book'.
(iii) A return of goods worth ₹ 1,100 to Mohan was passed through the 'Sales Return Book'.
(iv) A return of goods worth ₹ 500 by Ganesh were entered in 'Purchases Return Book'.

Answer:

Two Sided Errors

Journal
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Ram’s A/c Dr.   5,000  
 
To Sales A/c
      2,500
 
To Purchases A/c
      2,500
  (Goods sold to Ram wrongly passed through Purchases Book)      
           
ii) Purchases A/c Dr.   1,000  
  Sales A/c Dr.   1,000  
 
To Shyam’s A/c
      2,000
  (Goods purchased from Shyam wrongly passed through Sales Book)      
           
iii) Mohan’s A/c Dr.   2,200  
 
To Purchases Return A/c
      1,100
 
To Sales Return A/c
      1,100
  (Goods returned to Mohan wrongly passed through Sales Return Book)      
           
iv) Sales Return A/c Dr.   500  
  Purchases Return A/c Dr.   500  
 
To Ganesh’s A/c
      1,000
  (Goods returned by Ganesh wrongly passed through Purchases Return Book)      
         

Page No 18.39:

Question 5:

Rectify the following errors:-
(i) Goods for ₹ 5,500 were purchases from Modern Traders on credit, but no entry has yet been passed.
(ii) Purchase Return for ₹ 1,500 not recorded in the books.
(iii) Goods for ₹ 2,000 sold to 'Geeta Traders' on Credit were entered in the sales book as ₹ 200 only.
(iv) Goods of the value of ₹ 1,800 returned by Sunil & Co. were included in stock, but no entry was passed in the books.
(v) Goods purchased for ₹ 900, entered in the purchases book as ₹ 9,000.
(vi) An invoice for goods sold to X was overcast by ₹ 100.

Answer:

Two Sided Errors
 

Journal
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Purchases A/c Dr.   5,500  
 
To Modern Traders A/c
      5,500
  (Credit purchases from Modern Traders were omitted to be recorded)      
           
ii) Creditors A/c Dr.   1,500  
 
To Purchases Return A/c
      1,500
  (Purchases return of Rs 1,500 was not recorded)        
           
iii) Geeta Traders A/c Dr.   1,800  
 
To Sales A/c
      1,800
  (Goods sold to Geeta Traders were recorded as Rs 200 instead of Rs 2,000)      
           
iv) Sales Return A/c Dr.   1,800  
 
To Sunil & Co.
      1,800
  (Goods returned by Sunil & Co. were omitted to be recorded)      
           
v) Creditors A/c Dr.   8,100  
 
To Purchases A/c
      8,100
  (Goods purchased for Rs 900 were recorded as Rs 9,000)      
           
vi) Sales A/c Dr.   100  
 
To X
      100
  (Invoice for goods sold was overcast by Rs 100)        
         



Page No 18.40:

Question 6:

Give Journal Entries to rectify the following errors:-
1. Goods purchased from Ajay for ₹ 2,600 were recorded in Sales Book by mistake.
2. Goods for ₹ 4,400 sold to Surendra was passed through Purchase Book.
3. A customer returned goods worth ₹ 1,000. It was recorded in 'Purchase Return Book'.
4. A credit sale of ₹ 126 to Rajesh was entered in the books as ₹ 162.
5. Sale of old chairs and Table for ₹ 700 was treated as sale of goods.
6. Rent of proprietor's residence, ₹ 800, debited to Rent A/c.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Purchases A/c Dr.   2,600  
  Sales A/c Dr.   2,600  
    To Ajay’s A/c       5,200
  (Goods purchased from Ajay were recorded in Sales Book)      
           
2) Surendra’s A/c Dr.   8,800  
    To Sales A/c       4,400
    To Purchases A/c       4,400
  (Goods sold to Surendra recorded in Purchases Book)      
           
3) Sales Return A/c Dr.   1,000  
  Purchases Return A/c Dr.   1,000  
    To Customer’s A/c       2,000
  (Goods returned by a customer recorded in Purchases Return Book)      
           
4) Sales A/c Dr.   36  
    To Rajesh’s A/c       36
  (Credit sales of Rs 126 to Rajesh were recorded as Rs 162)        
           
5) Sales A/c Dr.   700  
    To Furniture A/c       700
  (Sale of furniture was recorded as sale of goods)        
           
6) Drawings A/c Dr.   800  
    To Rent A/c       800
  (Rent paid for proprietor’s residence, debited to Rent Account)      
         

Page No 18.40:

Question 7:

Rectify the following errors:-
1. A sale of goods to Raja Ram for ₹ 2,500 was passed through the Purchases Book.
2. Salary of ₹ 800 paid to Hari Babu was wrongly debited to his personal account.
3. Furniture purchased on credit from Mohan Singh for ₹ 1,000 was entered in the Purchases Book.
4. ₹ 5,000 spent on the extension of buildings was debited to Buildings Repairs Account.
5. Goods returned by Mani Ram ₹ 1,200 were entered in the Returns Outwards Book.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Raja Ram’s A/c Dr.   5,000  
 
To Sales A/c
      2,500
 
To Purchases A/c
      2,500
  (Sale of goods to Raja Ram recorded in Purchases Book)      
           
2) Salaries A/c Dr.   800  
 
To Hari Babu’s A/c
      800
  (Salary paid to Hari Babu wrongly debited to his
personal account)
     
           
3) Furniture A/c Dr.   1,000  
 
To Purchases A/c
      1,000
  (Purchase of furniture recorded in Purchases Book)      
           
4) Building A/c Dr.   5,000  
 
To Buildings Repairs A/c
      5,000
  (Amount spent on the extension of building debited to Buildings Repairs Account)      
           
5) Sales Return A/c Dr.   1,200  
  Purchases Return A/c Dr.   1,200  
 
To Mani Ram’s A/c
      2,400
  (Goods returned by Mani Ram recorded in Returns Outward Book)      
         

Page No 18.40:

Question 8:

Rectify the following errors:
(a) Furniture purchased for ₹ 10,000 wrongly debited to Purchases Account.
(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through Purchases Book.
(c) Repairs on machinery ₹ 1,400 debited to Machinery Account.
(d) Repairs on overhauling of second hand machinery purchased ₹ 2,000 was debited to repairs Account.
(e) Sale of old machinery at book value of ₹ 3,000 was credited to Sales Account.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
a) Furniture A/c Dr.   10,000  
    To Purchases A/c       10,000
  (Purchase of Furniture wrongly debited to Purchases Account)      
           
b) Machinery A/c Dr.   20,000  
    To Purchases A/c       20,000
  (Purchase of machinery recorded through Purchases Book)        
           
c) Repairs A/c Dr.   1,400  
    To Machinery A/c       1,400
  (Repairs incurred on machinery debited to Machinery Account)      
           
d) Machinery A/c Dr.   2,000  
    To Repairs A/c       2,000
  (Repairs incurred on the purchase of second hand machinery debited to Repairs Account)      
           
e) Sales A/c Dr.   3,000  
    To Machinery A/c       3,000
  (Sale of old machinery credited to Sales Account)      
         

Page No 18.40:

Question 9:

Pass Journal Entries to rectify the following errors:-
(1) Machinery purchased for ₹ 5,000 has been debited to Purchases A/c.
(2) ₹ 700 paid to Sh. Mohan Kapoor as Legal Charges were debited to his personal account.
(3) ₹ 10,000 paid to Escorts Company for Machinery purchased stand debited to Escorts Company account.
(4) Typewriter purchased for ₹ 6,000 was wrongly passed through purchase book.
(5) ₹ 20,000 paid for the purchase of a Motor Cycle for proprietor has been charged to 'General Expenses' A/c.
(6) ₹ 15,000 paid for the purchase of 'Gas Engine' were debited to 'Purchases' A/c.
(7) Cash paid to Ram ₹ 400 was debited to the account of Shyam.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Machinery A/c Dr.   5,000  
  To Purchases A/c       5,000
  (Purchase of machinery debited to Purchases Account)      
           
2) Legal Charges A/c Dr.   700  
  To Mohan Kapoor’s A/c       700
  (Legal charges paid to Mohan Kapoor debited to his personal account)      
           
3) Machinery A/c Dr.   10,000  
  To Escorts Company A/c       10,000
  (Payment made for machinery debited to company’s account)        
           
4) Typewriter A/c Dr.   6,000  
  To Purchases A/c       6,000
  (Purchase of typewriter recorded in Purchases Book)      
           
5) Drawings A/c Dr.   20,000  
  To General Expenses A/c       20,000
  (Purchase of motor cycle for proprietor debited to General Expenses Account)      
           
6) Gas Engine A/c Dr.   15,000  
  To Purchases A/c       15,000
  (Payment made for purchase of Gas Engine debited to Purchases Account)      
           
7) Ram’s A/c Dr.   400  
  To Shyam’s A/c       400
  (Rectifying entry made)      
         



Page No 18.41:

Question 10:

Rectify the following errors:-
1. ₹ 4,500 spent on the extension of Buildings were debited to Repairs A/c.
2. Wages paid to the firm's own workmen ₹ 3,600 for the installation of a new machinery were posted to Wages Account.
3. Contractor's bill for the construction of a godown at a cost of ₹ 10,000 has been charged to 'Repairs' A/c.
4. ₹ 1,500 paid as Wages to a worker 'Bahadur Singh', has been debited to his personal account.
5. Old furniture sold for ₹ 500 has been credited to Sales Account.
6. A cheque of ₹ 620 received from Ram, has been wrongly credited to Shyam.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Building  A/c Dr.   4,500  
 
To Repairs A/c
      4,500
  (Amount spent on the extension of building debited to Repairs Account)      
           
2) Machinery A/c Dr.   3,600  
 
To Wages A/c
      3,600
  (Wages paid for installation of new machinery debited to Wages Account)      
           
3) Building  A/c Dr.   10,000  
 
To Repairs A/c
      10,000
  (Amount spent on the construction of a godown debited to Repairs Account)      
           
4) Wages A/c Dr.   1,500  
 
To Bahadur Singh’s A/c
      1,500
  (Wages paid to a worker debited to his personal account)      
           
5) Sales A/c Dr.   500  
 
To Furniture A/c
      500
  (Sale of furniture recorded as sale of goods)      
           
6) Shyam’s A/c Dr.   620  
 
To Ram’s A/c
      620
  (Cheque received from Ram credited to Shyam)      
         

Page No 18.41:

Question 11:

Pass rectifying entries:-
(i) ₹ 5,000 being the cost of a Radio purchased for the personal use of the proprietor has been debited to Radio account in the ledger.
(ii) Goods taken by the proprietor for ₹ 1,000, has not been entered in the books at all.
(iii) A cheque of ₹ 500 received from X was credited to the account of Y and debited to Cash instead of Bank A/c.
(iv) A cheque of ₹ 1,300 received from Ram Lal was dishonoured and debited to 'General Expenses' A/c.
(v) A sum of ₹ 3,000 drawn by the proprietor for his private travel was debited to 'Travelling Expenses A/c'.
(vi) Credit purchases of ₹ 500 from Ajay were posted to the credit of Vijay A/c.
(vii) An amount of ₹ 1,600 due from Chandan Lal was written off as 'Bad-debt' in previous year, was unexpectedly received this year, and has been credited to the account of Chandan Lal.

Answer:

Two Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Drawings A/c Dr.   5,000  
 
To Radio A/c
      5,000
  (Purchase of radio for personal use debited to Radio Account)      
           
ii) Drawings A/c Dr.   1,000  
 
To Purchases A/c
      1,000
  (Goods taken by the proprietor omitted to be recorded)      
           
iii) Y’s A/c Dr.   500  
  Bank A/c Dr.   500  
 
To X’s A/c
      500
 
To Cash A/c
      500
  (Cheque received from X debited to Y’s Account and instead of bank, Cash Account is debited)      
           
iv) Ram Lal’s A/c Dr.   1,300  
 
To General Expenses A/c
      1,300
  (Cheque received from Ram Lal dishonoured and debited to General Expenses Account)      
           
v) Drawings A/c Dr.   3,000  
 
To Travelling Expenses A/c
      3,000
  (Amount spent  by the proprietor for private travel debited to Travelling Expenses Account)      
           
vi) Vijay’s A/c Dr.   500  
 
To Ajay’s A/c
      500
  (Credit purchase from Ajay posted to the credit
of Vijay)
     
           
vii) Chandan Lal’s A/c Dr.   1,600  
 
To Bad Debts Recovered A/c
      1,600
  (Amount written-off as bad debts were recovered and credited to Debtors Account)      
         

Page No 18.41:

Question 12:

Rectify the following errors which were detected before preparing the Trial Balance:
(i) Purchase book has been overcast by ₹ 1,000.
(ii) Purchase from Ram ₹ 20,000 has been omitted to be posted to his account.
(iii) Purchase from Shyam ₹ 15,000 has been posted to the debit side of his account.
(iv) Purchase from Ghanshyam ₹ 10,000 has been posted to his account as ₹ 1,000.
(v) Purchase from Sita Ram ₹ 5,000 has been posted to his account as ₹ 50,000.

Answer:

One Sided Errors

1. Purchases Book has been overcasted by Rs 1,000. Since it is an error of casting that means individual creditors accounts have been posted correctly and only the total of purchases book has been posted incorrectly to the debit side of Purchases Account. Thus, Purchases Account will be rectified by recording Rs 1,000 on the credit side of Purchases Account.

Purchases Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
          Overcasting of Purchases book   1,000
               

2. Purchases from Ram Rs 20,000 has been omitted to be posted to his account. This mistake is happened only in Ram’s Account which means that the total of Purchases Book is correct. Thus, in order to rectify this error Rs 20,000 should be posted on the credit side of Ram’s Account.

Ram’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
          Omission in posting                20,000
               

3. Purchase from Shyam Rs 15,000 has been posted to the debit side of his account. It implies that there is no mistake in Purchases account, however, Shyam’s account has been wrongly debited with Rs 15,000 instead of crediting. Thus, rectification will be done by posting the double amount (Rs 30,000) on the credit side of Shyam’s Account.

Shyam’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
                             Error in posting
to the wrong side
  30,000
               

4. Purchases made from Ghanshayam Rs 10,000 have been posted to his account as Rs 1,000. It is a mistake at the time of posting in the ledger account which implies that there is no mistake in the Purchases Account. In this case, Ghanshyam’s Account was credited with lesser amount. So, Rs 9,000 more will be credited to his account for rectification of this error.

Ghanshyam’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
                             Less amount on
the credit side
  9,000
               

5. Purchases made from Sitaram Rs 5,000 have been posted to his account as Rs 50,000. It implies that his account is credited with an excess amount of Rs 45,000 (50,000 – 5,000). Thus, in order to rectify this error Rs 45,000 is debited to Sitaram’s Account.

Sitaram’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
  Excess amount
on the credit side
  45,000                          
               



Page No 18.42:

Question 13:

Rectify the following errors which were detected before preparing the Trial Balance:
(i) The total of Sales Book carried forward ₹ 5,000 less.
(ii) A credit sale to Sita ₹ 6,300 posted as ₹ 3,600.
(iii) A credit sale to Radha ₹ 2,400 posted as ₹ 4,200.
(iv) A credit sale to Parbati ₹ 3,000 credited to her account.
(v) A credit sale to Laxmi ₹ 5,600 credited as ₹ 6,500.

Answer:

One Sided Errors

1. Sales book has been undercasted by Rs 5,000. Since it is an error of casting that means individual debtors accounts have been posted correctly and only the total of sales book has been posted incorrectly to the credit side of Sales Account. In this case it has been undercasted accordingly it would be rectified by crediting Sales Account with Rs 5,000.

Sales Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
          Undercasting of Sales Book   5,000
               

2. Credit sale to Sita Rs 6,300 has been posted to her account as Rs 3,600. It implies that Sita’s Account was debited with lesser amount. Thus, Rs 2,700 more will be debited to her account for rectification of this error.

Sita’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
  Less amount on
the debit side      
  2,700        
               

3. Credit sale to Radha Rs 2,400 has been posted to her account as Rs 4,200. In this case, Radha’s Account was debited with an excess amount of Rs 1,800 and accordingly Rs 1,800 should be credited to her account.

Parbati’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
          Excess amount on the debit side   1,800
               

4. A credit sale to Parbati Rs 3,000 has been posted to the credit side of her account. This transaction must have been recorded on the debit side of Parbati’s Account, but, mistakenly it was recorded on the credit side. Thus, Rs 6,000 must be debited to her account.

Parbati’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
  Error in posting to
the wrong side
  6,000        
               

5. A credit sale to Laxmi Rs 5,600 has been posted to the credit side of her account as Rs 6,500. In this case, the transaction was recorded on the wrong side with wrong amount. Thus, Rs 12,100 (5,600 + 6,500) must be debited to her account.

Laxmi’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
  Error in posting to the wrong side with wrong amount   12,100        
               

Page No 18.42:

Question 14(A):

Rectify the following errors assuming:-
That no suspense account has been opened with difference in the trial balance,

Answer:

One Sided Errors

1. Purchases of Rs 800 from Sachin have been omitted to be posted to his account. It is a mistake at the time of posting in the ledger. Since the entry in the Purchases Book is correct, total of Purchases Book will also be correct. The mistake is only in Sachin’s account where Rs 800 has not been posted to the credit side of his account. So it would be rectified by crediting Sachin’s account with Rs 800.

Sachin’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
                             Omission in posting   800
               

2. Purchases of Rs 800 from Sachin have been posted to his account as Rs 80. It is a mistake at the time of posting in the ledger. Because the entry in the Purchase Book is correct, so there is no mistake in Purchases account, the mistake will affect only Sachin’s Account where lesser amount has been credited to his account. So, Rs 720 more will be credited to his account for rectification of this error.

Sachin’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
          Less amount on the credit side   720
               

3. Purchases of Rs 800 from Sachin have been posted to his account as Rs 880. It is a mistake at the time of posting in the ledger. Because the entry in the Purchase Book is correct, so there is no mistake in Purchases account, the mistake will affect only Sachin’s account where an excess amount of Rs 80 is credited to his account. So Rs 80 will be debited to his account for rectification of this error.

Sachin’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
  Excess amount on
the credit side
  80        
               

4. Purchase of Rs 800 from Sachin have been posted to the debit side of his account. It is a mistake at the time of posting in the ledger. There is no mistake in Purchases account the mistake will affect only Sachin’s account. Sachin’s account has been wrongly debited with Rs 800 instead of crediting his account. Hence rectification would be made by double the amount of entry.

Sachin’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
                            Error in posting to
the wrong side
  1,600
               

5. Purchase of Rs 800 from Sachin have been posted to the debit side of his account as Rs 80. It is a mistake at the time of posting in the ledger. There is no mistake in Purchases account the mistake will affect only Sachin’s account. Sachin’s account has been wrongly debited with Rs 80 instead of crediting his account as Rs 800. Hence rectification would be made by adding these two amounts and Rs 880 will be credited to his account.

Sachin’s Account
Dr.   Cr.
Date Particulars J.F. Amount (Rs) Date Particulars J.F. Amount (Rs)
                            Error in posting to
the wrong side with
wrongamount
  880
               

Page No 18.42:

Question 14(B):

Rectify the following errors assuming:-
that such a suspense account has been opened.
1. Goods costing ₹ 800 purchased from Sachin on credit were omitted to be credited to his account.
2. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 80.
3. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 880.
4. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account.
5. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account ₹ 80.

Answer:

One Sided Errors
 

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Suspense A/c Dr.   800  
 
To Sachin’s A/c
      800
  (Goods purchased from Sachin omitted to be credited to his account)      
           
2) Suspense A/c Dr.   720  
 
To Sachin’s A/c
      720
  (Goods purchased from Sachin credited to his account as Rs 80, instead of Rs 800)      
           
3) Sachin’s A/c Dr.   80  
 
To Suspense A/c
      80
  (Goods purchased from Sachin credited to his account as Rs 880, instead of Rs 800)        
           
4) Suspense A/c Dr.   1,600  
 
To Sachin’s A/c
      1,600
  (Goods purchased from Sachin debited to his account)      
           
5) Suspense A/c Dr.   880  
 
To Sachin’s A/c
      880
  (Goods purchased from Sachin debited to his account as Rs 80)      
         

Page No 18.42:

Question 15:

Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance.
(a) Credit sales to Mohan ₹ 7,000 were recorded in Purchase Book. However, Mohan's Account was correctly debited.
(b) Credit purchases from Rohan ₹ 9,000 were recorded in Sales Book. However, Rohan's Account was correctly credited.
(c) Goods returned to Rakesh ₹ 4,000 were recorded in Sale Returns Book. However, Rakesh's Account was correctly debited.
(d) Goods returned from Mahesh ₹ 1,000 were recorded through Purchase Returns Book. However, Mahesh's Account was correctly credited.
(e) Goods returned to Naresh ₹ 2,000 were recorded through Purchases Book. However, Naresh's Account was correctly debited.

Answer:

One Sided Errors
 

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
a) Suspense A/c Dr.   14,000  
  To Sales A/c       7,000
  To Purchases A/c       7,000
  (Goods sold to Mohan wrongly recorded in Purchases Book)      
           
b) Purchases A/c Dr.   9,000  
  Sales A/c Dr.   9,000  
  To Suspense A/c       18,000
  (Credit purchases from Rohan recorded in Sales Book)      
           
c) Suspense A/c Dr.   8,000  
  To Purchases Return A/c       4,000
  To Sales Return A/c       4,000
  (Goods returned to Rakesh recorded in Sales Return Book)      
           
d) Sales Return A/c Dr.   1,000  
  Purchases Return A/c Dr.   1,000  
  To Suspense A/c       2,000
  (Goods returned from Mahesh recorded in Purchases Return Book)      
           
e) Suspense A/c Dr.   4,000  
  To Purchases Return A/c       2,000
  To Purchases A/c     2,000
  (Goods returned to Naresh recorded in Purchases Book)      
         
 
Suspense Account
Dr.   Cr.
Particulars  Amount (Rs) Particulars Amount (Rs)
Sales A/c 7,000 Difference as per Trial Balance (Balancing Figure) 6,000
Purchases A/c 7,000 Purchases A/c 9,000
Purchases Return A/c 4,000 Sales A/c 9,000
Sales Return A/c 4,000 Sales Return A/c 1,000
Purchases Return A/c 2,000 Purchases Return A/c 1,000
Purchases A/c 2,000    
  26,000   26,000
       

Page No 18.42:

Question 16:

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:

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
       



Page No 18.43:

Question 17:



In taking out the Trial Balance, book-keeper finds that he is out ₹ 3,809 excess debit. Being desirous of closing his books he places the difference to a newly opened Suspense A/c which is carried forward. In the next period he discovered that :-
1. ₹ 17,715 received from X has not been posted to his account.
2. A sum of ₹ 9,500 written off as depreciation on fixtures has not been posted to the Depreciation A/c.
3. ₹ 1,50,000 paid for furniture purchased has been charged to Ordinary Purchases A/c.
4. A discount of ₹ 3,742 allowed to a customer has been credited to him as ₹ 3,648.
5. The total of the Inwards return has been added ₹ 900 short.
6. An item of Sale for ₹ 5,900 was posted as ₹ 9,500 in the Sales Account.
Give the rectifying entries and prepare the Suspense Account.

Answer:

One Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Suspense A/c Dr.   17,715  
 
To X’s A/c
      17,715
  (Amount received from X not posted to his account)      
           
2) Depreciation A/c Dr.   9,500  
 
To Suspense A/c
      9,500
  (Amount written-off as depreciation not posted to Depreciation Account)      
           
3) Furniture A/c Dr.   1,50,000  
 
To Purchases A/c
      1,50,000
  (Amount paid for purchase of furniture debited to Purchases Account)      
           
4) Suspense A/c Dr.   94  
 
To Customer’s A/c
      94
  (Discount allowed credited with less amount in Customer’s Account)      
           
5) Sales Return A/c Dr.   900  
 
To Suspense A/c
      900
  (Shortfall in return inward book)        
           
6) Sales A/c Dr.   3,600  
 
To Suspense A/c
      3,600
  (An item of sale of Rs 5,900 posted as Rs 9,500 in Sales Account)      
         
 
Suspense Account 
Dr.   Cr.
Particulars  Amount (Rs) Particulars Amount (Rs)
X’s A/c 17,715 Difference in Trial Balance 3,809
Customer’s A/c 94 Depreciation A/c 9,500
    Sales Return A/c 900
    Sales A/c 3,600
  17,809   17,809
       

 

Page No 18.43:

Question 18:

Book-keeper failed to balance his trial balance, the credit side exceeding the debit side by ₹ 175. This amount was entered in a Suspense Account.
Later on the under mentioned errors were discovered:-
1. Goods amountign to ₹ 620 sold to D & Co. were correctly entered in the Sales book, but posted to the Company's A/c as ₹ 260.
2. A credit balance of ₹ 755 of Rent Received account was shown as ₹ 570.
3. The total of Returns Outwards Book amounting to ₹ 200 was not posted to the Ledger.
4. Goods worth ₹ 100 were purchased from Prakash but the amount was entered in the Sales Book. The account of Prakash was correctly credited.
5. Sales Book was undercast by ₹ 100.
6. The total of the credit side of Sohan's account was overcast by ₹ 100.
Give journal entries to rectify these errors and prepare the Suspense Account.

Answer:

One Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) D & Co. A/c Dr.   360  
  To Suspense A/c       360
  (Goods sold to D & Co. for Rs 620 posted to company’s account as Rs 260)      
           
2) Suspense A/c Dr.   185  
  To Rent A/c       185
  (Credit balance of Rs 755 of rent received shown as Rs 570)      
           
3) Suspense A/c Dr.   200  
  To Purchases Return A/c       200
  (Total of return outwards book was not posted)      
           
4) Purchases A/c Dr.   100  
  Sales A/c Dr.   100  
  To Suspense A/c       200
  (Goods purchased from Prakash entered in Sales Book)      
           
5) Suspense A/c Dr.   100  
  To Sales A/c       100
  (Undercasting of Sales Book)        
           
6) Sohan’s A/c Dr.   100  
  To Suspense A/c       100
  (Total of credit side of Sohan’s Account was overcasted)      
         
 
Suspense Account 
Dr.   Cr.
Particulars  Amount (Rs) Particulars Amount (Rs)
Difference in Trial Balance 175 D & Co. 360
Rent A/c 185 Purchases A/c 100
Purchases Return A/c 200 Sales A/c 100
Sales A/c 100 Sohan’s A/c 100
  660   660
       

Page No 18.43:

Question 19:

Question

Answer:

One Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
1) Suspense A/c Dr.   800  
 
To Sales A/c
      400
 
To Purchases A/c
      400
  (Sale of goods wrongly treated as purchase of goods but customer  account correctly debited, now rectified)      
           
2) Suspense A/c Dr.   260  
 
To Bills Receivable A/c
      260
  (Bills receivable dishonoured wrongly debited to bills receivable, now rectified)      
           
3) Sales Return A/c Dr.   80  
 
To Peter’s A/c
      80
  (Goods returned by Peter not recorded,  now rectified)      
         



Page No 18.44:

Question 20:

The Trial Balance prepared by a Book-keeper showed a difference of ₹ 1,006 which was placed in a newly opened Suspense Account and carried forward to the next year, when the following errors were discovered:-
(i) Goods purchased for ₹ 99 had been posted to the credit of the supplier as ₹ 990.
(ii) ₹ 75 received as discount from a creditor was duly entered in his account but it was omitted to be posted to discount account.
(iii) Sale of Furniture for ₹ 1,400 had been entered in sales book.
(iv) ₹ 900 due from a customer were omitted to be taken to the Schedule of sundry debtors.
(v) Goods of the value of ₹ 3,000 returned by a customer were taken into the stock but no entry was made in the books.
(vi) ₹ 355 entered in the Sales Returns book had been posted to the debit of the customer who returned the goods.
Give necessary Journal entries to rectify the above error and prepare suspense account.

Answer:

One Sided Errors

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Supplier’s A/c Dr.   891  
 
To Suspense A/c
      891
  (Goods purchased of Rs 99 on credit posted to the credit side of Supplier’s Account as Rs 990)      
           
ii) Suspense A/c Dr.   75  
 
To Discount Received A/c
      75
  (Discount received from a creditor omitted to be posted to Discount Account)      
           
iii) Sales A/c     1,400  
 
To Furniture A/c
      1,400
  (Sale of furniture recorded in Sales Book)      
           
iv) Sundry Debtors A/c Dr.   900  
 
To Suspense A/c
      900
  (Amount due from a customer omitted to be included in sundry debtors)      
         
v) Sales Return A/c Dr.   3,000  
 
To Customer’s A/c
      3,000
  (Goods returned by a customer were taken into stock but omitted to be recorded)      
           
vi) Suspense A/c Dr.   710  
 
To Customer’s A/c
      710
  (Goods returned by a customer posted to the debit side of his/her account)      
         
 
Suspense Account 
Dr.   Cr.
Particulars  Amount (Rs) Particulars Amount (Rs)
Difference in Trial Balance 1,006 Supplier’s A/c 891
Discount Received A/c 75 Sundry Debtors A/c 900
Customer’s A/c 710    
  1,791   1,791
       

Page No 18.44:

Question 21:

A book-keeper finds that the debit side of the trial balance is short of ₹ 308 and so for the time being, he balance the side by putting the difference to suspense account. Subsequently, the following errors were disclosed:
(a) An entry for goods for ₹ 102 to Madhav was posted to his account as ₹ 120.
(b) ₹ 100 being the monthly total of discount allowed to customers were credited to discount account in the ledger.
(c) ₹ 275 paid by Madhav were credited to Jadav's account.
(d) ₹ 26 appearing in the cash book as paid for the purchase of stationery for office use have not been posted to ledger.
(e) The debit side of purchases account was under-cast by ₹ 100.
You are required to make the necessary journal entries and the suspense account.

Answer:

One Sided Errors
 

Journal 
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
a) Suspense A/c Dr.   18  
 
To Madhav’s A/c
      18
  (Entry for goods for Rs 102, posted to his account as Rs 120)      
           
b) Discount Allowed A/c Dr.   200  
 
To Suspense A/c
      200
  (Total of discount allowed was credited to the account)