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Page No 20.34:

Answer:

Journal Entries

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 undercast, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Purchases A/c

Dr.

 

10,000

 

 

  To Suspense A/c

 

 

 

10,000

 

(Purchases Book was undercast, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Rent A/c

Dr.

 

5,000

 

 

  To Landlord’s A/c

 

 

 

5,000

 

(Rent paid debited to Landlord’s Personal Account, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Raju’s A/c

Dr.

 

1,200

 

 

  To Suspense A/c

 

 

 

1,200

 

(Sale of goods to Raju credited to his account, now rectified)

 

 

 

 

 

 

 

 

 

Page No 20.34:

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

 

 

 

 

 

 

 

 

(ii)

Purchases Account

Dr..

 

Cr.

Date

Particulars

L.F.

Amount Rs

Date

Particulars

L.F.

Amount

 Rs

 

Carry forwarding of Purchases Book Less

 

75

 

 

 

 

 

 

 

 

 

 

 

 

(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

 

 

 

 

 

 

 

 

 

 

 

 

(iv)

Sales Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount Rs

Date

Particulars

L.F.

Amount 

Rs

 

 

 

 

 

Difference in the amount posted

 

36

 

 

 

 

 

 

 

 

 

Gautam Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

 Rs

Date

Particulars

L.F.

Amount

Rs

 

Difference in the amount posted

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Page No 20.35:

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 )

 

 

 

 

 

 

 

 

 

Drawings A/c

Dr.

 

3,000

 

 

To Travelling Expense A/c

 

 

3,000

 

(Amount withdrawn by proprietor for personal use wrongly posted to

 

 

 

 

Travelling Expenses Account, now rectified)

 

 

 

 

 

 

 

 

 

R.Gopalan

Dr.

 

18

 

 

To Suspense A/c

 

 

18

 

(R. Gopalan’s Account was debited by Rs 157 instead of Rs 175, now rectified

 

 

 

 

 

 

 

 

Page No 20.35:

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 Suspense A/c

 

 

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 20.35:

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 20.35:

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)

Bills Receivable A/c

Dr.

 

17,000

 

  To Suspense A/c       17,000
  (Total of Bills Receivable Book posted to the credit of Bills Receivable Account, not rectified)        
           
(iv) Sales A/c Dr.   3,000  

 

To Suspense A/c

 

 

3,000

 

(Sales was overcast, now rectified)

 

 

 

 

 

 

 

 

(v)

Advertisement A/c

Dr.

 

2,000

 

 

To Purchases A/c

 

 

2,000

 

(Goods distributed as free sample were not recorded, now recorded)

 

 

 

 

 

 

 

 

Page No 20.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Manoj

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)

Sales Return A/c

Dr.

 

4,750

 

 

To Suspense A/c

 

 

4,750

 

(Sales Return Book was undercast, 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 20.35:

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 20.36:

Answer:

Journal Entries

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Suspense A/c

Dr.

 

180

 

 

  To R. Krishan’s A/c

 

 

 

180

 

(Credit sale to R. Krishan for Rs 132 recorded as Rs 312, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

2,500

 

 

  To Bills Payable A/c

 

 

 

2,500

 

(Total of Bills Payable Book posted to the debit of Bills Payable Account, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

Purchases A/c

Dr.

 

45

 

 

  To Suspense A/c

 

 

 

45

 

(Total of Purchases Book was posted as Rs 5,205 instead of Rs 5,250, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Typewriter A/c

Dr.

 

4,000

 

 

  To Purchases A/c

 

 

 

4,000

 

(Purchase of typewriter passed through Purchases Book, now rectified)

 

 

 

 

 

 

 

 

 

Page No 20.36:

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 20.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

540

 

 

To Ram

 

 

540

 

(Credit Sale to Ram Rs 170 was debited to his account as Rs 710, now rectified)

 

 

 

 

 

 

 

 

(ii)

Shyam

Dr.

 

63

 

 

To Purchases A/c

 

 

63

 

(Credit purchases from Shyam Rs 229 was recorded wrongly as Rs 292, now rectified)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

200

 

 

To Sales A/c

 

 

200

 

(Sale Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(iv)

Purchases A/c

Dr.

 

900

 

 

To Suspense A/c

 

 

900

 

(Credit purchase of Rs 2,100 from Sohan was wrongly recorded as Rs 1,200, now rectified)

 

 

 

 

 

 

 

 

(v)

Return Inwards A/c

Dr.

 

100

 

 

To Suspense A/c

 

 

100

 

(Return Inwards Book was undercast, now rectified)

 

 

 

 

 

 

 

 

Page No 20.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Depreciation A/c

Dr.

 

2,000

 

 

To Suspense A/c

 

 

2,000

 

(Depreciation charged on furniture not posted to Depreciation Account)

 

 

 

 

 

 

 

 

(ii)

Purchases A/c

Dr.

 

2,400

 

 

Sales A/c

Dr.

 

2,400

 

 

To Suspense A/c

 

 

4,800

 

(Purchase goods from Vikram was wrongly entered in the Sales Book but Credited to Vikram’s

 

 

 

 

Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

4,200

 

 

To Machinery A/c

 

 

4,200

 

(Sale of Machinery was wrongly debited to Sales Account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Repair A/c

Dr.

 

2,900

 

 

To Building A/c

 

 

2,900

 

(Repair of building was debited wrongly to Building Account, now rectified)

 

 

 

 

 

 

 

 

(v)

Suspense A/c

Dr.

 

2,970

 

 

Rohit

Dr.

 

2,050

 

 

To Mohit

 

 

5,020

 

(Amount Rs 2,050 paid to Rohit was debited to Mohit’s Account as Rs 5,020, now rectified)

 

 

 

 

 

 

 

 

Page No 20.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Mohan

Dr.

 

5,400

 

 

To Sales A/c

 

 

5,400

 

(Sale of goods Rs 6,000 to Mohan was recorded wrongly Rs 600, now rectified)

 

 

 

 

 

 

 

 

(ii)

Purchases A/c

Dr.

 

1,500

 

 

Sales A/c

Dr.

 

1,500

 

 

To David

 

 

3,000

 

(Purchase goods from David was passed wrongly through Sales Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Salaries A/c

Dr.

 

200

 

 

To B. Naidu

 

 

200

 

(Salary paid to B. Naidu was debited wrongly to B. Naidu’s Account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Rajesh

Dr.

 

800

 

 

To Discount A/c

 

 

800

 

(Discount Account was wrongly debited on dishonouring of Rajesh’s cheque, now rectified)

 

 

 

 

 

 

 

 

(v)

Repair A/c

Dr.

 

800

 

 

To Purchases A/c

 

 

700

 

To Mukesh A/c

 

 

100

 

(Repair of Machinery Rs 800 by Mukesh was entered wrongly in Purchases Book as Rs 700, now rectified)

 

 

 

 

 

 

 

 

Page No 20.36:

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)

Ranjan

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 20.37:

Answer:

Journal Entries

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Sales A/c

Dr.

 

500

 

 

  To Furniture A/c

 

 

 

500

 

(Sale of old furniture treated as sales, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Drawings A/c

Dr.

 

6,000

 

 

  To Rent A/c

 

 

 

6,000

 

(Proprietor’s drawings debited to Rent Account, now rectified) 

 

 

 

 

 

 

 

 

 

 

(iii)

Ram’s A/c

Dr.

 

1,000

 

 

  To Sales A/c

 

 

 

1,000

 

(Credit sale to Ram was omitted, now recorded)

 

 

 

 

           
(iv) Consultancy Charges A/c Dr.   50,000  
     To CA. Mr. Madhur       50,000
  (Payment made for consultancy stands debited to Personal Account of CA. Mr. Madhur)        
           
(v) Purchases A/c (Refer to Note) Dr.   10,000  
    To Ramesh       10,000
  (Credit purchases of goods from Ramesh has not been posted)        

 

 

 

 

 

Note: Since it is not specified that posting is omitted in whose account. Thus, we have assumed that posting is neither made in Purchases Account nor in Ramesh's Account.

Nature of these errors

(i) Sale of old furniture treated as sales: Error of Principle

(ii) Proprietor’s drawings debited to Rent Account: Error of Principle

(iii) Credit sale to Ram was omitted: Error of Complete Omission

Page No 20.37:

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)

Return Inwards A/c

Dr.

 

50

 

 

To Suspense A/c

 

 

50

 

(Return Inwards Book was added short, now rectified)

 

 

 

 

 

 

 

 

(iv)

Sales A/c

Dr.

 

500

 

 

To Suspense A/c

 

 

500

 

(Sales Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(v)

Sales A/c

Dr.

 

600

 

    To Machinery A/c       600
  (Sale of Machinery was credited wrongly to Sales Book, now rectified)        
           
(vi) Machinery A/c Dr.   5,000  

 

To Wages A/c

 

 

5,000

 

(Wages paid for installation of machinery debited to wages account, now rectified)

 

 

 

 

 

 

 

 

Page No 20.37:

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)

Shah & Co

Dr.

 

100

 

 

To Shaw & Co

 

 

100

 

(Received Rs 100 from Shaw & Co was wrongly entered in Shah & Co’s account, now rectified)

 

 

 

 

 

 

 

 

(v)

Ramesh

Dr.

 

840

 

 

To Suspense A/c

 

 

840

 

(Amount twice Credit to Ramesh’s Account, now rectified)

 

 

 

 

 

 

 

 

Page No 20.37:

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)

 

 

 

 

 

 

 

 

(e)

Sundry Debtors A/c

Dr.

 

460

 

 

To Suspense A/c

 

 

460

 

(Hari which was not in the List of Sundry Debtors, now recorded)

 

 

 

 

 

 

 

 

Page No 20.37:

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)

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

35,000

 

 

To Purchases A/c

 

 

35,000

 

(Purchase of Machinery was recorded wrongly in Invoice Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

1,000

 

 

To Furniture A/c

 

 

1,000

 

(Sale of Old Furniture was passed wrongly to Sales Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Bills Payable A/c

Dr.

 

2,000

 

 

To Malhotra Bros. A/c

 

 

2,000

 

(Amount paid against acceptance to Mehta Bros was wrongly debited to Malhotra Bros, now rectified)

 

 

 

 

 

 

 

 

(v)

Shyam

Dr.

 

198

 

     To Ram       198
  (Sales to Ram Rs 204 was debited to his account as Rs 402 and Purchase from Shyam Rs 1,012 was credited to his account as Rs 1,210, now rectified)        
           
(vi) Hari Dr.   3,000  

 

To Bills Receivable A/c

 

 

3,000

 

(A bill of exchange received from Hari got dishonoured and debited to Bills Receivable Account, now rectified)

 

 

 

 

 

 

 

 



Page No 20.38:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Mohan

Dr.

 

1,000

 

 

To Furniture A/c

 

 

1,000

 

(Credit Sale of Furniture to Mohan was not recorded, now recorded)

 

 

 

 

 

 

 

 

(ii)

Furniture A/c

Dr.

 

10

 

 

To Cartage A/c

 

 

10

 

(Cartage paid for furniture was debited wrongly to Cartage Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Furniture A/c

Dr.

 

270

 

 

To Ram

 

 

270

 

(Furniture purchased for Rs 300 was wrongly recorded as Rs 30, now rectified)

 

 

 

 

 

 

 

 

(iv)

X

Dr.

 

400

 

 

To Y

 

 

400

 

(Sale to X was posted to Y’s Account wrongly, now rectified)

 

 

 

 

 

 

 

 

(v)

Wages A/c

Dr.

 

45

 

 

To Cash A/c

 

 

45

 

(Wages paid Rs 2,550 was wrongly recorded to as Rs 2,505 in the Cash Book, now rectified)

 

 

 

 

 

 

 

 

(vi)

Purchases A/c

Dr.

 

1,002

 

 

To Y

 

 

1,002

 

(Purchases from Y was not recorded, now recorded)

 

 

 

 

 

 

 

 

Page No 20.38:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Raja Ram

Dr.

 

5,000

 

 

To Sales A/c

 

 

2,500

 

To Purchases A/c

 

 

2,500

 

(Sale of goods to Raja Ram was wrongly passed to Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(ii)

Salaries A/c

Dr.

 

800

 

 

To Hari Babu

 

 

800

 

(Salary paid to Hari Babu was wrongly debited to his account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Furniture A/c

Dr.

 

1,000

 

 

To Purchases A/c

 

 

1,000

 

(Furniture purchased from Hari was wrongly recorded in Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Building A/c

Dr.

 

5,000

 

 

To Building Repair A/c

 

 

5,000

 

(Extension of Building was wrongly debited to Building Repair Account, now rectified)

 

 

 

 

 

 

 

 

(v)

Retun Inwards A/c

Dr.

 

1,200

 

 

Return Outwards A/c

Dr.

 

1,200

 

 

To Mani Ram

 

 

2,400

 

(Goods return by Mani Ram was wrongly recorded in Return Outwards Book, now rectified.)

 

 

 

 

 

 

 

 

(vi)

Machinery A/c

Dr.

 

2,000

 

 

To Purchases A/c

 

 

2,000

 

(Material used in manufacturing of machinery was not recorded, now recorded)

 

 

 

 

 

 

 

 

Page No 20.38:

Answer:

Books of Ram Gopal

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

1,080

 

 

To M. Mehta

 

 

1,080

 

(Cash received from M. Mehta was wrongly posted to the debit of his account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

200

 

 

To Purchases A/c

 

 

100

 

To Purchases Return A/c

 

 

100

 

(Purchases Return Rs 100 was wrongly debited to Purchases Account , now rectified)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

600

 

 

To Discount A/c

 

 

600

 

(Discount Received Rs 300 was wrongly posted to the debit of Discount Account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Motor Car Repair A/c

Dr.

 

374

 

 

To Motor Car A/c

 

 

174

 

To Suspense A/c

 

 

200

 

(Paid Rs 374 for Motor Car Repair was wrongly debited to Motor Car Account as Rs 174, now rectified)

 

 

 

 

 

 

 

 

(v)

C. Das A/c

Dr.

 

400

 

 

To G. Dass A/c

 

 

400

 

(Amount paid to C. Das was wrongly debited to G. Dass, now rectified)

 

 

 

 

 

 

 

 

 

Suspense Account

Dr.

Cr.

Date

Particulars

Amount Rs

Date

Particulars

Amount Rs

(i)

M. Mehta

1,080

(iv)

Motor Car Repair

200

(ii)

Purchases

100

 

Balance c/d

1,680

 

Purchases Return

100

 

 

 

(iii)

Discount

600

 

 

 

 

 

1,880

 

 

1,880

 

 

 

 

 

 

Page No 20.38:

Answer:

Books of S. Sen

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

2,000

 

 

To Sales A/c

 

 

1,000

 

To Purchases A/c

 

 

1,000

 

(Goods sold to B. Basu was entered in Purchases book and debited to his account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

6,600

 

 

To Ram Lal

 

 

6,600

 

(Bought goods from Ram Lal Rs 1,500 was wrongly debited to his account as Rs 5,100, now rectified)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

50

 

 

To Commission A/c

 

 

50

 

(Commission Rs 275 was wrongly debited a Rs 325, now rectified)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

100

 

 

To Sales A/c

 

 

100

 

(Sale Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(v)

Building Repair A/c

Dr.

 

460

 

 

Suspense A/c

Dr.

 

180

 

 

To Building A/c

 

 

640

 

(Building  Repair Rs 460 was debited to Building Account as 640, now rectified)

 

 

 

 

 

 

 

 

 

Suspense Account

Dr.

Cr.

Date

Particulars

Amount Rs

Date

Particulars

Amount Rs

(i)

Sales

1,000

 

 

 

 

Purchases

1,000

 

 

 

(ii)

Ram Lal

6,600

 

 

 

(iii)

Commission

50

 

 

 

(iv)

Sales

100

 

 

 

(v)

Building

180

 

Balance c/d

8,930

 

 

8,930

 

 

8,930

 

 

 

 

 

 

Page No 20.38:

Answer:

Journal Entries

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

(i)

Suspense A/c

Dr.

 

50

 

 

  To A’s A/c

 

 

 

50

 

(Cheque from A for Rs 150 credited to his account as Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

80

 

 

  To B’s A/c

 

 

 

80

 

(Goods returned by B not credited to his account, now rectified)

 

 

 

 

 

 

 

 

 

 

(iii)

C’s A/c

Dr.

 

5

 

 

  To Suspense A/c

 

 

 

5

 

(Credit sale to C for Rs 365 posted to his account as Rs 360, now rectified)

 

 

 

 

 

 

 

 

 

 

(iv)

Drawings A/c

Dr.

 

5,000

 

 

  To Purchases A/c

 

 

 

5,000

 

(Goods taken by proprietor not recorded in the books)

 

 

 

 

 

 

 

 

 

 

(v)

Sales Return A/c

Dr.

 

300

 

 

  To E’s A/c

 

 

 

300

 

(Goods returned by E were omitted, now rectified)

 

 

 

 

 

 

 

 

 



Page No 20.39:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Ramesh

Dr.

 

100

 

 

To Suspense A/c

 

 

100

 

(Total of the Credit side of Ramesh’s Account was overcast by Rs 100, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

100

 

 

To Discount Received A/c

 

 

100

 

(Discount Received Account was undercasted, now rectified)

 

 

 

 

 

 

 

 

(iii)

Purchases A/c

Dr.

 

100

 

 

Sales A/c

Dr.

 

100

 

 

To Suspense A/c

 

 

200

 

(Purchase of goods Rs 100 from Chandra’s was wrongly entered in Sales Book but rightly credited to Chandra’s Account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

200

 

 

To Return Outwards A/c

 

 

200

 

(Total of Return Outwards book was not posted to the ledger, now rectified)

 

 

 

 

 

 

 

 

(v)

Suspense A/c

Dr.

 

185

 

 

To Rent Receivable A/c

 

 

185

 

(Credit balance of Rent Receivable Account Rs 755 was shown as Rs 570, now rectified)