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Page No 17.32:
Question 1:
How will be the following errors rectified?
(i) Purchases Book is overcasted by ₹ 10,000.
(ii) Purchases Return Book is overcasted by ₹ 1,000.
(iii) Purchases Return Book’s balance is carried forward in excess by ₹ 100.
(iv) Purchases Book’s balance is carried forward in excess by ₹ 1,000.
Answer:
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
(i) |
Suspense A/c |
Dr. |
|
10,000 |
|
|
|
|
To Purchases A/c |
|
|
|
10,000 |
|
(Purchase book was overcastted by Rs 10,000, now rectified) |
|
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|
|
|
(ii) |
Purchases Return A/c |
Dr. |
|
1,000 |
|
|
|
|
To Suspense A/c |
|
|
|
1,000 |
|
(Purchase return book was overcastted by Rs 1,000, now rectified) |
|
|
|
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(iii) |
Purchases Return A/c |
Dr. |
|
100 |
|
|
|
|
To Suspense A/c |
|
|
|
100 |
|
(Purchase return book’s balance was carried forward in excess of Rs 100, now rectified) |
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(iv) |
Suspense A/c |
Dr. |
|
1,000 |
|
|
|
|
To Purchases A/c |
|
|
|
1,000 |
|
(Purchase book’s balance was carried forward in excess of Rs 1,000, now rectified) |
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Page No 17.32:
Question 2:
How will be the following errors rectified?
(i) Sales Book is short casted by ₹ 5,000.
(ii) Sales Return Book is short casted by ₹ 500.
(iii) Balance of Sales Book is carried forward short by ₹ 1,000.
(iv) Balance of Sales Return Book is carried forward short by ₹ 100.
Answer:
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
(i) |
Suspense A/c |
Dr. |
|
5,000 |
|
|
|
|
To Sales A/c |
|
|
|
5,000 |
|
(Sales book was undercasted by Rs 5,000, now rectified) |
|
|
|
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|
|
|
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|
|
|
(ii) |
Sales Return A/c |
Dr. |
|
500 |
|
|
|
|
To Suspense A/c |
|
|
|
500 |
|
(Sales return book was undercasted by Rs 500, now rectified) |
|
|
|
|
|
|
|
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|
(iii) |
Suspense A/c |
Dr. |
|
1,000 |
|
|
|
|
To Sales A/c |
|
|
|
1,000 |
|
(Sales book’ balance carried forward was short by Rs 1,000, now rectified) |
|
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(iv) |
Sales Return A/c |
Dr. |
|
100 |
|
|
|
|
To Suspense A/c |
|
|
|
100 |
|
(Sales return book’ balance carried forward was short by Rs 100, now rectified) |
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Page No 17.32:
Question 3:
How will you rectify the following errors?
(i) Sales Book is overcasted by ₹ 5,000.
(ii) Sales Return Book is short casted by ₹ 500.
(iii) Balance of Sales Book is carried forward in excess by ₹ 1,000.
(iv) Balance of Sales Return Book is carried forward in excess by ₹ 100.
Answer:
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
(i) |
Sales A/c |
Dr. |
|
5,000 |
|
|
|
|
To Suspense A/c |
|
|
|
5,000 |
|
(Sales book was overcasted by Rs 5,000, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales Return A/c |
Dr. |
|
500 |
|
|
|
|
To Suspense A/c |
|
|
|
500 |
|
(Sales book was undercasted by Rs 500, now rectified) |
|
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|
(iii) |
Sales A/c |
Dr. |
|
1,000 |
|
|
|
|
To Suspense A/c |
|
|
|
1,000 |
|
(Sales book’s balance was carried forward in excess by Rs 1,000, now rectified) |
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(iv) |
Suspense A/c |
Dr. |
|
100 |
|
|
|
|
To Sales Return A/c |
|
|
|
100 |
|
(Sales return book’s balance was carried forward in excess by Rs 100, now rectified) |
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Page No 17.32:
Question 4:
Rectify the following errors assuming that there is no Suspense Account:
(i) Salary of ₹ 5,000 paid to Rahul was not posted to Salaries Account.
(ii) Sales to Amrish of ₹ 1,430 posted to his account as ₹ 1,340.
(iii) Sales to Vijay of ₹ 2,470 posted to his account as ₹ 2,740.
(iv) Purchases from Pal of ₹ 1,430 posted to his account as ₹ 1,340.
Answer:
(i) Salary of Rs.5, 000 paid to Rahul was not posted to Salary A/c
Salaries Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Cash A/c |
5,000 |
|
|
||
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|
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|
||
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|
(ii) Sales to Amrish of Rs 1,430 posted to his account as Rs 1,340
Amrish’s Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Sales A/c |
90 |
|
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||
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||
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(iii) Sales to Vijay of Rs 2,470 posted to his account as Rs 2,740
Vijay’s Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
|
|
Sales A/c |
270 |
||
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||
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(iv) Purchases from Pal of Rs1,430 posted to his account as Rs 1,340
Pal’s Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
|
|
Purchases A/c |
90 |
||
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||
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Page No 17.32:
Question 5:
Which of the following errors will affect the Trial Balance?
(i) The total of the Sales Book has not been posted to the Sales Account.
(ii) ₹ 1,000 paid as installation charges of a new machine has been debited to Repairs Account.
(iii) Goods costing ₹ 4,000 taken by the proprietor for personal use have been debited to Debtors’ Account.
(iv) ₹ 1,000 paid for repairs to building have been debited to Building Account.
Answer:
'Total of Sales book has not been posted to Sales Account' will affect the Trial Balance because due to this Sales Account undercasts, which results in undercasting of credit side of Trial Balance.
Hence, the correct answer is option (i).
Page No 17.32:
Question 6:
Rectify the following errors:
(i) The Sales Book of December was added short by ₹ 500.
(ii) A periodical total of the Purchases Book was cast short by ₹ 5,000.
(iii) The total of Purchases Return Book has been undercast by ₹ 1,500.
(iv) The Sales Return Book is added ₹ 200 short.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
Suspense A/c |
Dr. |
|
500 |
|
|
To Sales A/c |
|
|
500 |
|
|
(Sales Book was added short, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Purchases A/c |
Dr. |
|
5,000 |
|
|
To Suspense A/c |
|
|
5,000 |
|
|
(Purchases Book was undercast, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Suspense A/c |
Dr. |
|
1,500 |
|
|
To Purchases Return A/c |
|
|
1,500 |
|
|
(Purchases Return Book was cast short now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Sales Return A/c |
Dr. |
|
200 |
|
|
To Suspense A/c |
|
|
200 |
|
|
(Sales Return Book was undercast now rectified) |
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Page No 17.32:
Question 7:
Rectify the following errors assuming that there is no Suspense Account:
(i) The Returns Inward Book has been overcast by ₹ 200.
(ii) Purchases Book carried forward ₹ 75 less.
(iii) Sales Book carried forward ₹ 41 less on Page 10 and ₹ 43 more on Page 12.
(iv) Goods sold to Gautam were posted as ₹ 215 instead of ₹ 251.
Answer:
(i)
Return Inwards Book |
||||||||
Dr. |
|
Cr. |
||||||
Date |
Particulars |
L.F. |
Amount Rs |
Date |
Particulars |
L.F. |
Amount Rs |
|
|
|
|
|
|
Over Casting of Return Inwards Book |
|
200 |
|
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(ii)
Purchases Account |
||||||||
Dr.. |
|
Cr. |
||||||
Date |
Particulars |
L.F. |
Amount Rs |
Date |
Particulars |
L.F. |
Amount Rs |
|
|
Carry forwarding of Purchases Book Less |
|
75 |
|
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(iii)
Sales Account |
||||||||
Dr. |
|
Cr. |
||||||
Date |
Particulars |
L.F. |
Amount Rs |
Date |
Particulars |
L.F. |
Amount Rs |
|
|
Net Carry forwarding of Sales Book excess |
|
2 |
|
|
|
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(iv)
Sales Account |
||||||||
Dr. |
|
Cr. |
||||||
Date |
Particulars |
L.F. |
Amount Rs |
Date |
Particulars |
L.F. |
Amount Rs |
|
|
|
|
|
|
Difference in the amount posted |
|
36 |
|
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Gautam Account |
||||||||
Dr. |
|
Cr. |
||||||
Date |
Particulars |
L.F. |
Amount Rs |
Date |
Particulars |
L.F. |
Amount Rs |
|
|
Difference in the amount posted |
|
36 |
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Page No 17.33:
Question 8:
Following errors are discovered in the books of Sh. Ram Lal. Make the necessary entries to rectify them:
(i) Purchases Journal was undercasted by ₹ 2,150.
(ii) ₹ 500 received from K. Krishna was debited to his account.
(iii) An amount of ₹ 3,000 withdrawn by the proprietor of the firm for his personal use was posted to the Travelling Expenses Account.
(iv) An amount of ₹ 175 for a credit sale to R. Gopalan correctly entered in the Sales Book, has been debited to his account as ₹ 157.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
Purchases A/c |
Dr. |
|
2,150 |
|
|
To Suspense A/c |
|
|
2,150 |
|
|
(Purchases Book was under cast now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Suspense A/c |
Dr. |
|
1,000 |
|
|
To K. Krishna |
|
|
1,000 |
|
|
(Received from K. Krishna was wrongly debited, now rectified ) |
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Drawings A/c |
Dr. |
|
3,000 |
|
|
To Travelling Expense A/c |
|
|
3,000 |
|
|
(Amount withdrawn by proprietor for personal use wrongly posted to |
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|
Travelling Expenses Account, now rectified) |
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R.Gopalan |
Dr. |
|
18 |
|
|
To Suspense A/c |
|
|
18 |
|
|
(R. Gopalan’s Account was debited by Rs 157 instead of Rs 175, now rectified |
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Page No 17.33:
Question 9:
Pass the Journal entries rectifying the following errors:
(i) Purchases for ₹ 10,000 was omitted to be recorded.
(ii) Purchases of office furniture of ₹ 10,000 was recorded in Purchases Book.
(iii) Office Rent of ₹ 15,000 was debited to the Personal Account of the landlord.
(iv) Old machine was sold for ₹ 5,000 was credited to Sales Account.
Answer:
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
(i) |
Purchases A/c |
Dr. |
|
10,000 |
|
|
|
|
To Suspense A/c |
|
|
|
10,000 |
|
(Purchase of goods worth Rs 10,000 were omitted to be recorded, now rectified) |
|
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|
|
|
|
|
|
|
|
|
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(ii) |
Furniture A/c |
Dr. |
|
10,000 |
|
|
|
|
To Purchases A/c |
|
|
|
10,000 |
|
(Purchase of office furniture was recorded in purchase book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Rent A/c |
Dr. |
|
15,000 |
|
|
|
|
To Landlord’s A/c |
|
|
|
15,000 |
|
(Office rent of Rs 15,000 was debited to Landlord’s personal account, now rectified) |
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(iv) |
Sales A/c |
Dr. |
|
5,000 |
|
|
|
|
To Machinery A/c |
|
|
|
5,000 |
|
(Sale of machinery costing Rs 5,000 was credited to Sales A/c, now rectified) |
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Page No 17.33:
Question 10:
Following errors affecting the accounts of the year 2016–17 were detected in the books of Das & Co., Meerut:
(i) Sale of old furniture for ₹ 5,000 was treated as sales of goods.
(ii) Rent of proprietor’s residence ₹ 6,000 was debited to Rent Account.
(iii) Cash received from Rajesh ₹ 2,150 was credited to Brajesh.
Pass the rectifying Journal entries. State the nature of each of these mistakes.
Answer:
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
(i) |
Sales A/c |
Dr. |
|
5,000 |
|
|
|
|
To Furniture A/c |
|
|
|
5,000 |
|
(Sale of old furniture treated as sale of goods, now rectified) |
|
|
|
|
|
Nature: Error of Principle | ||||||
|
|
|
|
|
|
|
(ii) |
Drawings A/c |
Dr. |
|
6,000 |
|
|
|
|
To Rent A/c |
|
|
|
6,000 |
|
(Rent paid for proprietor’s residence treated as rent paid, now rectified) |
|
|
|
|
|
Nature: Error of Principle | ||||||
|
|
|
|
|
|
|
(iii) |
Brajesh’s A/c |
Dr. |
|
2,150 |
|
|
|
|
To Rajesh’s A/c |
|
|
|
2,150 |
|
(Cash received from Rajesh, credited to Brajesh, now rectified) |
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Nature: Error of Commission | ||||||
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Page No 17.33:
Question 11:
Rectify the following errors:
(i) Purchases Book has been undercast by ₹ 1,000.
(ii) Credit sale to Anu Prakash ₹ 7,000 was recorded in Purchases Book.
(iii) Credit sale to Rahul ₹ 7,000 was recorded as ₹ 700.
Answer:
Journal |
||||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
||
(i) |
Purchases A/c |
Dr. |
|
1,000 |
|
|
|
|
To Suspense A/c |
|
|
|
1,000 |
|
(Purchases Book was undercasted by Rs 1,000, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Aru Prakash’s A/c |
Dr. |
|
14,000 |
|
|
|
|
To Sales A/c |
|
|
|
7,000 |
|
|
To Purchases A/c |
|
|
|
7,000 |
|
(Sales to Aru Prakash was recorded in Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Rahul’s A/c |
Dr. |
|
6,300 |
|
|
|
|
To Sales A/c |
|
|
|
6,300 |
|
(Sales to Rahul Rs 7,000 was recorded as Rs 700, now rectified) |
|
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|
|
|
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|
Note:In the book, this transaction is incomplete, thus it has been assumed that ‘Credit sales to Rahul was recorded as Rs 700 instead of Rs 7,000’.
Page No 17.33:
Question 12:
Rectify the following errors:
(i) Total of one page of the Sales Book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587.
(ii) A cheque of ₹ 400 received from Mohan was dishonoured and had been posted to the debit side of the ‘Allowance Account’.
(iii) Return of goods worth ₹ 5,000 by a customer was entered in the Purchases Return Book.
(iv) Sum of ₹ 200 owed by ‘X’ has been included in the list of Sundry Creditors.
(v) Sale of old furniture worth ₹ 430 was credited to the Sales Account as ₹ 340.
Answer:
Journal |
|||||
Date |
Particular |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sales A/c |
Dr. |
|
198 |
|
|
To Suspense A/c |
|
|
198 |
|
|
(Carry forwarding Rs 2,785 instead of Rs 2,587, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Mohan |
Dr. |
|
400 |
|
|
To Allowance A/c |
|
|
400 |
|
|
(A Cheque received from Mohan was dishonoured but debited wrongly to Allowance’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sale Return A/c |
Dr. |
|
5,000 |
|
|
Purchases Return A/c |
Dr. |
|
5,000 |
|
|
To Customer / Debtor |
|
|
10,000 |
|
|
(Goods return by a customer was recorded wrongly to Purchase Return Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sundry Creditors |
Dr. |
|
200 |
|
|
Sundry Debtors |
Dr. |
|
200 |
|
|
To X |
|
|
400 |
|
|
(Amount owed by X was included in Sundry Creditors, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sales A/c |
Dr. |
|
340 |
|
|
Suspense A/c |
Dr. |
|
90 |
|
|
To Furniture A/c |
|
|
430 |
|
|
(Sale of Old furniture Rs 430 was wrongly debited to Sales Account for Rs 340, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.33:
Question 13:
Rectify the following errors:
(i) Purchases Book is overcast by ₹ 500.
(ii) Salary paid to an employee, Mr. Ajay, is debited to his Personal account ₹ 3,000.
(iii) Goods sold to Shashi on credit ₹ 300 have been wrongly passed through the Purchases Book.
(iv) Total of Returns Inward Book has been added ₹ 9 short.
(v) Purchase of chair from Happy Traders for ₹ 35 has been entered in the Purchases Book as ₹ 53.
Answer:
Journal |
|||||
Date |
Particular |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
500 |
|
|
To Purchases A/c |
|
|
500 |
|
|
(Purchase Book was over cast now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Salaries A/c |
Dr. |
|
3,000 |
|
|
To Mr. Ajay |
|
|
3,000 |
|
|
(Salary paid to Mr. Ajay was debited wrongly to Mr. Ajay’s Account) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Shashi |
Dr. |
|
600 |
|
|
To Sales A/c |
|
|
300 |
|
|
To Purchases A/c |
|
|
300 |
|
|
( Goods sold to Shashi was wrongly passed through Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Return Inwards A/c |
Dr. |
|
9 |
|
|
To Suspense A/c |
|
|
9 |
|
|
(Return Inwards Book was added short by Rs 9, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Furniture A/c |
Dr. |
|
35 |
|
|
Happy Traders A/c |
Dr. |
|
18 |
|
|
To Purchases A/c |
|
|
53 |
|
|
(Purchase of Chair Rs 35 was recorded in the Purchases Book As Rs 53, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.34:
Question 14:
Correct the following errors in Mohan Lal’s Book:
(i) A payment of ₹ 5,000 for salaries (to Mr. Ram) has been posted twice to the Salaries Account.
(ii) ₹ 750 received from Rajesh are entered on the debit side of the Cash Book. No posting was done in Rajesh’s Account.
(iii) Sales Book was overcast by ₹ 3,000.
(iv) Goods (Cost ₹ 2,000, Sales Price ₹ 2,500) distributed as free simples among prospective customers were not recorded anywhere.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
5,000 |
|
|
To Salaries A/c |
|
|
5,000 |
|
|
(Payment of Salaries Rs 5,000 was posted twice wrongly in Salaries Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Suspense A/c |
Dr. |
|
750 |
|
|
To Rajesh |
|
|
750 |
|
|
(Received Rs 750 from Rajesh was omitted to be posted his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales A/c |
Dr. |
|
3,000 |
|
|
To Suspense A/c |
|
|
3,000 |
|
|
(Sales was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Advertisement A/c |
Dr. |
|
2,000 |
|
|
To Purchases A/c |
|
|
2,000 |
|
|
(Goods distributed as free sample were not recorded, now recorded) |
|
|
|
|
|
|
|
|
|
Page No 17.34:
Question 15:
Rectify the following errors:
(i) Sales to Vinod of ₹ 143 posted to his account as ₹ 134.
(ii) Sales to Vinod of ₹ 143 debited to his account as ₹ 134.
(iii) Sales to Vinod of ₹ 143 credited to his account as ₹ 134.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Vinod |
Dr. |
|
9 |
|
|
To Suspense A/c |
|
|
9 |
|
|
(Rs 9 was posted less in Vinod’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Vinod |
Dr. |
|
9 |
|
|
To Suspense A/c |
|
|
9 |
|
|
(Vinod’s Account was wrongly debited with Rs 9 less, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Vinod |
Dr. |
|
277 |
|
|
To Suspense A/c |
|
|
277 |
|
|
(Sales to Vinod of Rs 143 was wrongly credited as Rs 134, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.34:
Question 16:
Give the rectifying entries of the following:
(i) Sales of ₹ 20,000 to Manoj were recorded as ₹ 2,000 in the Sales Book.
(ii) An amount of ₹ 25,000 spent for the extension of machinery has been debited to the Wages Account.
(iii) Discount received from Ram & Co. ₹ 350, has not been entered in the discount column of the Cash Book.
(iv) Goods of ₹ 3,000 sold to Mahesh were recorded in the Purchases Book.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Monoj |
Dr. |
|
18,000 |
|
|
To Sales A/c |
|
|
18,000 |
|
|
(Sales Rs 20,000 was recorded wrongly as Rs 2,000, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Machinery A/c |
Dr. |
|
25,000 |
|
|
To Wages A/c |
|
|
25,000 |
|
|
(Amount spent on Installation of machinery was debited wrongly to Wages Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Ram & Co. A/c |
Dr. |
|
4,750 |
|
|
To Discount Received A/c |
|
|
4,750 |
|
|
(Discount received from Ram & Co. not been entered in Cash Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Mahesh |
Dr. |
|
6,000 |
|
|
To Sales A/c |
|
|
3,000 |
|
|
To Purchases A/c |
|
|
3,000 |
|
|
(Goods sold to Mahesh was recorded wrongly in Purchases Book now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.34:
Question 17:
Correct the following errors in Mohan Lal’s Book:
(i) A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account.
(ii) Returns Outward Journal has been overcast by ₹ 85.
(iii) Basudev returned goods worth ₹ 500; his account was debited by this amount.
(iv) Purchase from Krishna Mohan of ₹ 2,250 has been debited to his account.
Answer:
Books of Mohan Lal Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Depreciation A/c |
Dr. |
|
1,500 |
|
|
To Suspense A/c |
|
|
1,500 |
|
|
(Amount of depreciation was not debited in Depreciation Account ,now recorded) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Return Outwards A/c |
Dr. |
|
85 |
|
|
To Suspense A/c |
|
|
85 |
|
|
(Return Outwards Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
1,000 |
|
|
To Basu Dev |
|
|
1,000 |
|
|
(Goods returned by Basu Dev was wrongly debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
4,500 |
|
|
To Krishna Mohan |
|
|
4,500 |
|
|
(Krishna Mohan’s Account was wrongly debited, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.34:
Question 18:
Correct the following errors in Hari’s Books:
(i) Credit sale of ₹ 132 to R. Krishan correctly entered in Sales Journal but posted to his account as ₹ 312.
(ii) The total of the credit side of Ramesh’s Account was overcasted by ₹ 2,000.
(iii) Total of the Purchases Journal of ₹ 5,250 has been posted to Purchases Account as ₹ 5,205.
(iv) Printer purchased from R. Ltd. for ₹ 4,000 on credit was entered in the Purchases Book.
(v) An item of ₹ 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.
Answer:
Books of Hari Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
180 |
|
|
To R. Krishan |
|
|
180 |
|
|
(Goods sold to R. Krishan of Rs 132 was posted as Rs 312 in his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Ramesh A/c |
Dr. |
|
2,000 |
|
|
To Suspense A/c |
|
|
2,000 |
|
|
(Credit side of Ramesh's Account overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Purchases A/c |
Dr. |
|
45 |
|
|
To Suspense A/c |
|
|
45 |
|
|
(Total of Purchases Book was posted less by 45, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Typewriter A/c |
Dr. |
|
4,000 |
|
|
To Purchases A/c |
|
|
4,000 |
|
|
(Purchase of type writer was wrongly posted to Purchases Account, now rectified) |
|
|
|
|
(v) | Suspense A/c Dr. | 4,000 | |||
To Pandey's A/c | 4,000 | ||||
(Amount wrongly debited to Pandey's Account for Goods returned by him, now rectified) | |||||
|
|
|
|
|
Page No 17.34:
Question 19:
Rectify the following errors:
(i) A purchase of ₹ 5,000 from Ram was omitted to be entered in the Purchases Book.
(ii) A credit sale of ₹ 257 to Messrs Goodluck & Co. was recorded as ₹ 275.
(iii) A purchase of office furniture for ₹ 500 from Salwan Furnitures was entered through the Purchases Book.
(iv) Rent paid to Landlord ₹ 500 was debited to his Personal Account.
(v) A debt balance of ₹ 2,000 on the Personal Account of Mr. John (correctly shown in the Ledger) has been omitted when extracting a Trial Balance.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Purchases A/c |
Dr. |
|
5,000 |
|
|
To Ram |
|
|
5,000 |
|
|
(Purchases from Ram was omitted to be recorded , now recorded) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
18 |
|
|
To M/s Good luck & Co |
|
|
18 |
|
|
( Sale of Goods Rs 257 to M/s Goodluck & Co was wrongly recorded as Rs 275, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Office Furniture A/c |
Dr. |
|
500 |
|
|
To Purchase A/c |
|
|
500 |
|
|
(Purchases of Office furniture was wrongly recorded to Purchases Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Rent A/c |
Dr. |
|
500 |
|
|
To Landlord |
|
|
500 |
|
|
(Rent paid was debited wrongly to Landlord Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Drawing Account Rs 2,000 will be shown in the debit column of Trial Balance |
|
|
|
|
|
|
|
|
|
Page No 17.35:
Question 20:
Mukesh found that the Trial Balance did not agree. He found the following errors:
(i) In the Sales Book for the month of January, total of Page No. 3 was carried forward to Page No. 4 as ₹ 1,000 instead of ₹ 1,200 and total of Page No. 7 was carried forward to Page No. 8 as ₹ 5,600 instead of ₹ 5,000.
(ii) Goods returned to Anshuka ₹ 10,000 were recorded in the Sales Book.
(iii) Bill Receivable for ₹ 800 from Riya was dishonoured and posted to the debit of Allowances Account.
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
|
|
|
|
|
|
(i) |
Suspense A/c |
Dr. |
|
200 |
|
|
To Sales A/c |
|
|
|
200 |
|
(Sales book balance wrongly carried forward by less amount, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
Sales A/c |
Dr. |
|
600 |
|
|
To Suspense A/c |
|
|
|
600 |
|
(Sales book balance wrongly carried forward by more amount, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
10,000 |
|
|
To Purchase Returns A/c |
|
|
|
10,000 |
|
(Goods returned wrongly recorded in sales book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Riya A/c |
Dr. |
|
800 |
|
|
To Allowances A/c |
|
|
|
800 |
|
(Bill dishonoured wrongly posted to the debit of Allowances A/c, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.35:
Question 21:
Pass the rectifying entries for the following
(i) Sales of goods ₹ 6,000 to Madan were recorded as ₹ 600 in the Sales Book.
(ii) Credit purchase of goods from Mohan amounting to ₹ 2,000 has been wrongly passed through the Sales Book.
(iii) Return of goods worth ₹ 500 by a customer was entered in ‘Purchases Return Book’.
(iv) Cheque of ₹ 400 received from Ranjan was dishonoured and debited to the Discount Account.
(v) Bill for ₹ 820 received from Ramesh for repair of machinery was entered in the Purchases Book as ₹ 720.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Madan |
Dr. |
|
5,400 |
|
|
To Sales A/c |
|
|
5,400 |
|
|
(Sale of Goods to Madan Rs 6,000 was wrongly recorded as Rs 600) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
2,000 |
|
Purchases A/c |
Dr. |
|
2,000 |
|
|
|
To Mohan |
|
|
4,000 |
|
|
(Purchases of goods from Mohan was wrongly recorded in the Sales Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales Return A/c |
Dr. |
|
500 |
|
|
Purchases Return A/c |
Dr. |
|
500 |
|
|
To Customer A/c |
|
|
1,000 |
|
|
(Sales Return was entered wrongly in Purchases Return Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Rajan |
Dr. |
|
400 |
|
|
To Discount A/c |
|
|
400 |
|
|
(Discount Account was debited wrongly on dishonour of Rajan’s Cheque, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Repair A/c |
Dr. |
|
820 |
|
|
To Purchases A/c |
|
|
720 |
|
|
To Ramesh A/c |
|
|
100 |
|
|
(Repair of Machinery Rs 820 was recorded wrongly to Purchases Book now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.35:
Question 22:
Give rectifying Journal entries for the following errors:
(i) Sales of goods to Madan ₹ 6,000 were entered in the Sales Book as ₹ 600.
(ii) Credit purchase of ₹ 1,500 from Ajay has been wrongly passed through the Sales Book.
(iii) Repairs to building ₹ 300 were debited to Building Account.
(iv) ₹ 2,050 paid to Rohit is posted to the debit of Mohit’s Account as ₹ 5,020.
(v) Purchases Return Book is overcasted by ₹ 400.
Answer:
Journal |
|||||
Date |
Particular |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Madan |
Dr. |
|
5,400 |
|
|
To Sales A/c |
|
|
5,400 |
|
|
(Sale of Goods Rs 6,000 to Madan was wrongly recorded as Rs 600) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Purchases A/c |
Dr. |
|
1,500 |
|
Sales A/c |
Dr. |
|
1,500 |
|
|
|
To Ajay |
|
|
3,000 |
|
|
(Purchase of Goods from Ajay was wrongly passed through Sales Book) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Repair A/c |
Dr. |
|
300 |
|
|
To Building A/c |
|
|
300 |
|
|
(Repair of Building Rs 300 was wrongly debited to Building Account,now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Rohit |
Dr. |
|
2,050 |
|
|
Suspense A/c |
Dr. |
|
2,970 |
|
|
To Mohit |
|
|
5,020 |
|
|
(Payment to Rohit Rs 2,050 was wrongly debited Mohit’s Account as Rs 5,020, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Purchases Return A/c |
Dr. |
|
400 |
|
|
To Suspense A/c |
|
|
400 |
|
|
(Purchase Return Book was overcast now rectified) |
|
|
||
|
|
|
|
|
Page No 17.35:
Question 23:
Give rectifying entries for the following:
(i) ₹ 5,400 received from Mr. A was posted to the debit of his account.
(ii) The total of Sales Return Book overcasted by ₹ 800.
(iii) ₹ 2,740 paid for repairs to motor car was debited to Motor Car Account as ₹ 1,740.
(iv) Returned goods to Shyam ₹ 1,500 were passed through Returns Inward Book.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
10,800 |
|
|
To Mr.A |
|
|
10,800 |
|
|
(Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Suspense A/c |
Dr. |
|
800 |
|
|
To Sales Return A/c |
|
|
800 |
|
|
(Sales Return Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Repair A/c |
Dr. |
|
2,740 |
|
|
To Motor Car A/c |
|
|
1,740 |
|
|
To Suspense A/c |
|
|
1,000 |
|
|
(Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Shyam |
Dr. |
|
3,000 |
|
|
To Return Inwards A/c |
|
|
1,500 |
|
|
To Return Outwards A/c |
|
|
1,500 |
|
|
(Return Outward to Shyam was wrongly recorded in the Return Inwards Book, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.35:
Question 24:
Pass Journal entries rectifying the following errors:
(i) A cheque for ₹ 10,000 was received from Ranjan on which ₹ 200 Cash Discount was allowed. The cheque was not honoured on due date and the amount of discount was credited to Discount Received Account.
(ii) ₹ 2,000 paid as wages for machinery installation was debited to Wages Account.
(iii) ₹ 5,000 received from Rakesh were credited to his Personal Account. The amount had been written off as bad debts earlier.
(iv) Repair bill of machinery was recorded as ₹ 100 against the bill amount of ₹ 1,000.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Discount Received A/c |
Dr. |
|
200 |
|
|
To Discount Allowed A/c |
|
|
200 |
|
|
(On dishonour of Ranjan’s cheque, instead of crediting Discount Allowed Account, Discount Received Account was wrongly credited, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Machinery A/c |
Dr. |
|
2,000 |
|
|
To Wages A/c |
|
|
2,000 |
|
|
(Wages paid for Installation of Machinery was debited wrongly to Wages Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Rakesh A/c |
Dr. |
|
5,000 |
|
|
To Bad Debt Recovered A/c |
|
|
5,000 |
|
|
(Cash received from Rakesh was Credited wrongly to Rakesh’s Account was previously written |
|
|
|
|
|
off as Bad Debt, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Since error is made at time of recording so correct entry would be |
|
|
|
|
Repair A/c |
Dr. |
|
900 |
|
|
|
To Cash A/c |
|
|
900 |
|
|
(Repair bill Rs 1,000 was recorded as Rs 100, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.36:
Question 25:
Rectifying the following errors:
(i) Sales Book has been totalled ₹ 1,000 short.
(ii) Goods worth ₹ 1,500 returned by Green & Co. have not been recorded anywhere.
(iii) Goods purchased worth ₹ 2,500 have been posted to the debit of the supplier, Gupta & Co.
(iv) Furniture purchased from Gulab & Co. worth ₹ 10,000 has been entered in Purchases Book.
(v) Cash received from A ₹ 2,500 has not been posted in his account.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
1,000 |
|
|
To Sales A/c |
|
|
1,000 |
|
|
(Sales Book was undercast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales Return A/c |
Dr. |
|
1,500 |
|
|
To Green & Co |
|
|
1,500 |
|
|
(Goods returned by Green & Co was not recorded, now recorded) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
5,000 |
|
|
To Gupta & Co |
|
|
5,000 |
|
|
(Goods purchased of Rs 2,500 from Gupta & Co was wrongly debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Furniture A/c |
Dr. |
|
10,000 |
|
|
To Purchases A/c |
|
|
10,000 |
|
|
(Purchase of goods Rs 10,000 was debited wrongly to Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
2,500 |
|
|
To A |
|
|
2,500 |
|
|
(Cash received from A was not posted to his account, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.36:
Question 26:
How will you rectify the following errors?
(i) ₹ 500 spent on building repairs has been debited to the Building Account.
(ii) Furniture worth ₹ 5,000 purchased from X on credit omitted from being recorded in the books.
(iii) Total of Returns Inward Book was added by ₹ 200 instead of ₹ 250.
(iv) Goods purchased from Mohan for ₹ 5,000 was passed through Returns Inward Book.
(v) Goods returned to Ram was passed through Sales Book.
(vi) Bills payable of ₹ 5,000 accepted in favour of Murari, was passed through bills receivable book with ₹ 500 but Murari's account was correctly debited.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Repair A/c |
Dr. |
|
500 |
|
|
To Building A/c |
|
|
500 |
|
|
(Repair of building was debited wrongly to Building Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Furniture A/c |
Dr. |
|
5,000 |
|
|
To X |
|
|
5,000 |
|
|
(Furniture purchased from X was omitted to be recorded, now recorded) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Returns Inward A/c |
Dr. |
|
50 |
|
|
To Suspense A/c |
|
|
50 |
|
|
(Returns Inward Book was added short, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Purchases A/c |
Dr. |
|
5,000 |
|
|
To Returns Inward A/c |
|
|
5,000 |
|
|
(Goods purchased from Mohan wrongly passed through Returns Inward Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sales A/c |
Dr. |
|
----- |
|
|
To Purchases Return A/c |
|
|
---- |
|
|
(Goods returned to Ram wrongly passed through Sales Book, now rectified) |
|
|
|
|
|
Suspense A/c Dr. |
|
|
|
Page No 17.36:
Question 27:
Pass Journal entries to rectify the errors in the following cases:
(i) A purchase of goods from David amounting to ₹ 150 has been wrongly passed through the Sales Book.
(ii) A credit sale of goods of ₹ 120 to Peter has been wrongly passed through the Purchases Book.
(iii) ₹ 200, salary paid to Cashier, B. Naidu, stands wrongly debited to his Personal Account.
(iv) A credit sales of ₹ 4,230 to Krishan entered as purchase from Kishan ₹ 4,320.
(v) Ramesh's Account was credited with ₹ 840 twice instead of once.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Purchases A/c |
Dr. |
|
150 |
|
Sales A/c |
Dr. |
|
150 |
|
|
|
To David |
|
|
300 |
|
|
(Purchase of Goods from David was wrongly passed through Sales Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Peter |
Dr. |
|
240 |
|
|
To Sales A/c |
|
|
120 |
|
|
To Purchases A/c |
|
|
120 |
|
|
(Sale of goods to Peter was wrongly passed through Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Salaries A/c |
Dr. |
|
200 |
|
|
To B. Naidu |
|
|
200 |
|
|
(Salary paid to B. Naidu was passed wrongly to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Krishan |
Dr. |
|
4,230 |
|
|
To Sales A/c |
|
|
4,230 |
|
|
(Sales to Krishan recorded wrongly as purchases from Kishan with a wrong amount, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Ramesh |
Dr. |
|
840 |
|
|
To Suspense A/c |
|
|
840 |
|
|
(Amount twice Credit to Ramesh’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 17.36:
Question 28:
(i) What are the different causes that make a Trial Balance incorrect?
(ii) Pass the rectifying Journal entries:
(b) ₹ 5,000 paid for freight on machinery purchased was debited to the Freight Account as ₹ 500.
(c) The Returns Inward Book has been wrongly overcasted by ₹ 100.
(d) An amount of ₹ 500 due from Ramesh which had been written off as bad debt in previous year was recovered and had been posted to the Personal Account of Ramesh.
(e) A sum of ₹ 460 owed by Hari had not been included in the list of debtors.
Answer:
(i) The following are the causes that make a Trial Balance incorrect.
1) Incomplete posting of Journal Entry
2) Posting in the wrong side of Account.
3) Wrong totalling of Subsidiary Books
4) Wrong balance of Account
5) Omission of total of Subsidiary book into Account
6) Wrong totalling of the Trial Balance
(ii)
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(a) |
Krishna |
Dr. |
|
5,000 |
|
|
To Sales A/c |
|
|
2,500 |
|
|
To Purchases A/c |
|
|
2,500 |
|
|
(Credit Sale of goods to Krishna was posted wrongly to Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(b) |
Machinery A/c |
Dr. |
|
5,000 |
|
|
To Freight |
|
|
500 |
|
|
To Suspense A/c |
|
|
4,500 |
|
|
(Freight Rs 5,000 paid on machinery was wrongly recorded in Freight Account as Rs 500) |
|
|
|
|
|
|
|
|
|
|
(c) |
Suspense A/c |
Dr. |
|
100 |
|
|
To Return Inwards A/c |
|
|
100 |
|
|
(Return Inwards Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(d) |
Ramesh |
Dr. |
|
500 |
|
|
To Bad Debt Recovered A/c |
|
|
500 |
|
|
(Received Rs 500 which previously written off as Bad debt wrongly credited to Ramesh Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sundry Debtors A/c |
Dr. |
|
460 |
|
|
To Hari |
|
|
460 |
|
|
(Hari which was not in the List of Sundry Debtors, now recorded) |
|
|
|
|
|
|
|
|
|
Page No 17.36:
Question 29:
Rectify the following errors:
(i) Wages paid for the construction of office debited to the Wages Account, ₹ 5,000.
(ii) Machinery purchased for ₹ 35,000 was passed through the Purchases Book.
(iii) Old furniture sold for ₹ 1,000, passed through the Sales Book.
(iv) ₹ 2,000 paid to Mehta Bros. against acceptance were debited to Malhotra Bros. Account.
(v) Sales of ₹ 204 to Ram debited to his account as ₹ 402 and purchases of ₹ 1,012 from Shyam credited to his account as ₹ 1,210.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Building A/c |
Dr. |
|
5,000 |
|
|
To Wages A/c |
|
|
5,000 |
|
|
(Wages paid for construction of office was debited wrongly to Wages Account, now rectified) |