Double Entry Book Keeping Ts Grewal (2016) Solutions for Class 11 Commerce Accountancy Chapter 15 Rectification Of Errors are provided here with simple step-by-step explanations. These solutions for Rectification Of Errors are extremely popular among class 11 Commerce students for Accountancy Rectification Of Errors Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry Book Keeping Ts Grewal (2016) Book of class 11 Commerce Accountancy Chapter 15 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal (2016) Solutions. All Double Entry Book Keeping Ts Grewal (2016) Solutions for class 11 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 20.34:
Question 1:
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:
Question 2:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 3:
(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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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:
Question 4:
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 |
|
|
|
|
|
|
|
|
|
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:
Question 5:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 6:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 7:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 8:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 9:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 10:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 11:
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 |
|
|
|
|
|
|
|
|
|
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:
Question 12:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 13:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 14:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 15:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 16:
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
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:
Question 17:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 18:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 19:
(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) |
|
|
|
|
|
|
|
|
|
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:
Question 20:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 21:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 22:
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) |
|
|
|
|
|
|
|
|
|
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:
Question 23:
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 |
|
|
|
|
|
|
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:
Question 24:
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 |
|
|
|
|
|
|
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:
Question 25:
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) |
|
|
|
|
|
|
|
|
|
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) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Raj |
Dr. |
|
360 |
|
|
To Suspense A/c |
|
|
360 |
|
|
(Goods sold to Raj Rs 620 was entered in his account Rs 260, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
Balance b/d |
175 |
|
|
|
(ii) |
Discount Received |
100 |
(i) |
Ramesh |
100 |
(iv) |
Return Outwards |
200 |
(iii) |
Purchaser |
100 |
(v) |
Rent Receivable |
185 |
(vi) |
Saler |
100 |
|
|
|
|
Raj |
360 |
|
|
660 |
|
|
660 |
|
|
|
|
|
|
Page No 20.39:
Question 26:
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) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Raj |
Dr. |
|
360 |
|
|
To Suspense A/c |
|
|
360 |
|
|
(Goods sold to Raj Rs 620 was entered in his account Rs 260, now rectified) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
Balance b/d |
175 |
|
|
|
(ii) |
Discount Received |
100 |
(i) |
Ramesh |
100 |
(iv) |
Return Outwards |
200 |
(iii) |
Purchaser |
100 |
(v) |
Rent Receivable |
185 |
(vi) |
Saler |
100 |
|
|
|
|
Raj |
360 |
|
|
660 |
|
|
660 |
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
788 |
|
|
To Personal A/c |
|
|
788 |
|
|
(Credit item was wrongly debited to a Personal Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Depreciation A/c |
Dr. |
|
625 |
|
|
To Suspense A/c |
|
|
625 |
|
|
(Depreciation on Fixtures was not posted to Depreciation Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Furniture A/c |
Dr. |
|
9,000 |
|
|
To Purchases A/c |
|
|
9,000 |
|
|
(Purchase of Furniture was wrongly charged to Purchases Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
9 |
|
|
To Customer |
|
|
9 |
|
|
(Discount allowed to Customer Rs 154 was Credited wrongly as Rs 145, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
99 |
|
|
To Sales A/c |
|
|
99 |
|
|
(Sale of Rs 594 was wrongly posted as Rs 495, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Return Inwards A/c |
Dr. |
|
10 |
|
|
To Suspense A/c |
|
|
10 |
|
|
(Return Inwards Book was undercasted, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
(i) |
Personal |
788 |
|
Balance b/d |
261 |
(iv) |
Customer |
9 |
(ii) |
Depreciation |
625 |
(v) |
Sales |
99 |
(vi) |
Return Inwards |
10 |
|
|
896 |
|
|
896 |
|
|
|
|
|
|
Page No 20.39:
Question 27:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
788 |
|
|
To Personal A/c |
|
|
788 |
|
|
(Credit item was wrongly debited to a Personal Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Depreciation A/c |
Dr. |
|
625 |
|
|
To Suspense A/c |
|
|
625 |
|
|
(Depreciation on Fixtures was not posted to Depreciation Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Furniture A/c |
Dr. |
|
9,000 |
|
|
To Purchases A/c |
|
|
9,000 |
|
|
(Purchase of Furniture was wrongly charged to Purchases Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
9 |
|
|
To Customer |
|
|
9 |
|
|
(Discount allowed to Customer Rs 154 was Credited wrongly as Rs 145, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
99 |
|
|
To Sales A/c |
|
|
99 |
|
|
(Sale of Rs 594 was wrongly posted as Rs 495, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Return Inwards A/c |
Dr. |
|
10 |
|
|
To Suspense A/c |
|
|
10 |
|
|
(Return Inwards Book was undercasted, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
(i) |
Personal |
788 |
|
Balance b/d |
261 |
(iv) |
Customer |
9 |
(ii) |
Depreciation |
625 |
(v) |
Sales |
99 |
(vi) |
Return Inwards |
10 |
|
|
896 |
|
|
896 |
|
|
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Sales A/c |
Dr. |
|
10,000 |
|
|
To Suspense A/c |
|
|
|
10,000 |
|
(Sales Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
X’s A/c |
Dr. |
|
5,000 |
|
|
To Y’s A/c |
|
|
|
5,000 |
|
(Credit sale to X debited to Y, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Profit and Loss Adjustment A/c |
Dr. |
|
1,643 |
|
|
To Suspense A/c |
|
|
|
1,643 |
|
(General expenses of Rs 1,825 posted as Rs 182 in the General Ledger, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Bills Receivable A/c |
Dr. |
|
15,530 |
|
|
Bills Payable A/c |
|
|
15,530 |
|
|
To P’s A/c |
|
|
|
31,060 |
|
(Bills Receivable from P passed through Bills Payable Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Profit and Loss Adjustment A/c |
Dr. |
|
1,190 |
|
|
To Duftry’s A/c |
|
|
|
1,190 |
|
(Legal expenses paid to Mr. Duftry debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d (Balancing Figure) |
11,643 |
Sales A/c |
10,000 |
||
|
|
General Expense A/c |
1,643 |
||
|
|
|
|
||
|
11,643 |
|
11,643 |
||
|
|
|
|
||
Nature: Suspense Account was opened with a debit balance of Rs 11,643.
Page No 20.39:
Question 28:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Sales A/c |
Dr. |
|
10,000 |
|
|
To Suspense A/c |
|
|
|
10,000 |
|
(Sales Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
X’s A/c |
Dr. |
|
5,000 |
|
|
To Y’s A/c |
|
|
|
5,000 |
|
(Credit sale to X debited to Y, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Profit and Loss Adjustment A/c |
Dr. |
|
1,643 |
|
|
To Suspense A/c |
|
|
|
1,643 |
|
(General expenses of Rs 1,825 posted as Rs 182 in the General Ledger, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Bills Receivable A/c |
Dr. |
|
15,530 |
|
|
Bills Payable A/c |
|
|
15,530 |
|
|
To P’s A/c |
|
|
|
31,060 |
|
(Bills Receivable from P passed through Bills Payable Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Profit and Loss Adjustment A/c |
Dr. |
|
1,190 |
|
|
To Duftry’s A/c |
|
|
|
1,190 |
|
(Legal expenses paid to Mr. Duftry debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d (Balancing Figure) |
11,643 |
Sales A/c |
10,000 |
||
|
|
General Expense A/c |
1,643 |
||
|
|
|
|
||
|
11,643 |
|
11,643 |
||
|
|
|
|
||
Nature: Suspense Account was opened with a debit balance of Rs 11,643.
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Sundry Debtors A/c |
Dr. |
|
1,500 |
|
|
To Suspense A/c |
|
|
|
1,500 |
|
(Rs 1,500 owed by R. Gupta omitted from the list of Sundry Debtors, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Bad Debts A/c |
Dr. |
|
1,000 |
|
|
To Suspense A/c |
|
|
|
1,000 |
|
(Rs 1,000 written-off as bad-debts but not debited to Bad-debts Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Return Inwards A/c |
Dr. |
|
100 |
|
|
To Suspense A/c |
|
|
|
100 |
|
(Return Inwards Book has been casted short, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Petty Cash A/c |
Dr. |
|
200 |
|
|
To Asif’s A/c |
|
|
|
200 |
|
(Cheque drawn for Petty Cash Account posted to Asif’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sharad’s A/c |
Dr. |
|
150 |
|
|
To Discount A/c |
|
|
|
150 |
|
(Dishonour of Sharad’s cheque debited to Discount Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Ramesh’s A/c |
Dr. |
|
840 |
|
|
To Suspense A/c |
|
|
|
840 |
|
(Ramesh’s Account was credited twice, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 20.39:
Question 29:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Sundry Debtors A/c |
Dr. |
|
1,500 |
|
|
To Suspense A/c |
|
|
|
1,500 |
|
(Rs 1,500 owed by R. Gupta omitted from the list of Sundry Debtors, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Bad Debts A/c |
Dr. |
|
1,000 |
|
|
To Suspense A/c |
|
|
|
1,000 |
|
(Rs 1,000 written-off as bad-debts but not debited to Bad-debts Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Return Inwards A/c |
Dr. |
|
100 |
|
|
To Suspense A/c |
|
|
|
100 |
|
(Return Inwards Book has been casted short, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Petty Cash A/c |
Dr. |
|
200 |
|
|
To Asif’s A/c |
|
|
|
200 |
|
(Cheque drawn for Petty Cash Account posted to Asif’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sharad’s A/c |
Dr. |
|
150 |
|
|
To Discount A/c |
|
|
|
150 |
|
(Dishonour of Sharad’s cheque debited to Discount Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Ramesh’s A/c |
Dr. |
|
840 |
|
|
To Suspense A/c |
|
|
|
840 |
|
(Ramesh’s Account was credited twice, now rectified) |
|
|
|
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sales A/c |
Dr. |
|
100 |
|
|
To White |
|
|
100 |
|
|
(Sale Book was undercast by Rs 100 and Sale of Goods Rs 660 was debited to White’s Account as 760, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Brown’s A/c |
Dr. |
|
150 |
|
|
To Sales A/c |
|
|
150 |
|
|
(Cash Sales was debited to Brown’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales Return A/c |
Dr. |
|
130 |
|
Sales A/c |
Dr. |
|
130 |
|
|
|
To Suspense A/c |
|
|
260 |
|
|
(Sales Return by Green wrongly entered in the Sales Book but correctly Credited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales Return A/c |
Dr. |
|
1,240 |
|
To Jacob |
|
|
1,240 |
||
|
(Sales Return from Jacob was not recorded, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
730 |
|
|
To Sales Return A/c |
|
|
730 |
|
|
(Sales Return Book was over cast by Rs 1,000 and total of this Book was carried as Rs 17,030 instead of Rs 17,300, now rectified) |
|
|
|
|
|
|
|
|
||
(vi) |
Bills Receivable A/c |
Dr. |
|
1,600 |
|
|
Bill Payable A/c |
Dr. |
|
1,600 |
|
|
To Suspense A/c |
|
|
3,200 |
|
|
(Bill Receivable received from entry was recorded in Bill Payable Account, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 20.40:
Question 30:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sales A/c |
Dr. |
|
100 |
|
|
To White |
|
|
100 |
|
|
(Sale Book was undercast by Rs 100 and Sale of Goods Rs 660 was debited to White’s Account as 760, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Brown’s A/c |
Dr. |
|
150 |
|
|
To Sales A/c |
|
|
150 |
|
|
(Cash Sales was debited to Brown’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales Return A/c |
Dr. |
|
130 |
|
Sales A/c |
Dr. |
|
130 |
|
|
|
To Suspense A/c |
|
|
260 |
|
|
(Sales Return by Green wrongly entered in the Sales Book but correctly Credited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales Return A/c |
Dr. |
|
1,240 |
|
To Jacob |
|
|
1,240 |
||
|
(Sales Return from Jacob was not recorded, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
730 |
|
|
To Sales Return A/c |
|
|
730 |
|
|
(Sales Return Book was over cast by Rs 1,000 and total of this Book was carried as Rs 17,030 instead of Rs 17,300, now rectified) |
|
|
|
|
|
|
|
|
||
(vi) |
Bills Receivable A/c |
Dr. |
|
1,600 |
|
|
Bill Payable A/c |
Dr. |
|
1,600 |
|
|
To Suspense A/c |
|
|
3,200 |
|
|
(Bill Receivable received from entry was recorded in Bill Payable Account, now rectified) |
|
|
|
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Purchases A/c |
Dr. |
|
20,000 |
|
|
To Suspense A/c |
|
|
20,000 |
|
|
(Purchases was undercast, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Suspense A/c |
Dr. |
|
7,800 |
|
|
To Vasudev |
|
|
7,800 |
|
|
(Cheque received from Vasudev was not recorded in his account, now recorded) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Return Outwards A/c |
Dr. |
|
10,000 |
|
|
To Suspense A/c |
|
|
10,000 |
|
|
(Return Outwards Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Return Inward A/c |
Dr. |
|
15,000 |
|
Return Outwards A/c |
Dr. |
|
15,000 |
|
|
To Suspense A/c | 30,000 | ||||
(Goods returned by Yash Pal was wrongly entered in the Return Outwards Book but Correctly posted to his account, now rectified) | |||||
(v) | Salaries A/c | Dr. | 20,000 | ||
To Purchases A/c | 20,000 | ||||
(Goods purchased for staff members inlcuded in purchases and similar amount was deducted from salaries, now rectified) | |||||
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
Difference in Trial Balance |
52,200 |
(i) |
Suspense |
20,000 |
(ii) |
Vasu Dev |
7,800 |
(iii) |
Return Outwards |
10,000 |
|
|
|
(iv) |
Return Inwards |
15,000 |
|
|
|
|
Return Outwards |
15,000 |
|
|
60,000 |
|
|
60,000 |
|
|
|
|
|
|
Page No 20.40:
Question 31:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Purchases A/c |
Dr. |
|
20,000 |
|
|
To Suspense A/c |
|
|
20,000 |
|
|
(Purchases was undercast, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Suspense A/c |
Dr. |
|
7,800 |
|
|
To Vasudev |
|
|
7,800 |
|
|
(Cheque received from Vasudev was not recorded in his account, now recorded) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Return Outwards A/c |
Dr. |
|
10,000 |
|
|
To Suspense A/c |
|
|
10,000 |
|
|
(Return Outwards Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Return Inward A/c |
Dr. |
|
15,000 |
|
Return Outwards A/c |
Dr. |
|
15,000 |
|
|
To Suspense A/c | 30,000 | ||||
(Goods returned by Yash Pal was wrongly entered in the Return Outwards Book but Correctly posted to his account, now rectified) | |||||
(v) | Salaries A/c | Dr. | 20,000 | ||
To Purchases A/c | 20,000 | ||||
(Goods purchased for staff members inlcuded in purchases and similar amount was deducted from salaries, now rectified) | |||||
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
Difference in Trial Balance |
52,200 |
(i) |
Suspense |
20,000 |
(ii) |
Vasu Dev |
7,800 |
(iii) |
Return Outwards |
10,000 |
|
|
|
(iv) |
Return Inwards |
15,000 |
|
|
|
|
Return Outwards |
15,000 |
|
|
60,000 |
|
|
60,000 |
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sales A/c |
Dr. |
|
5,000 |
|
|
To Machinery A/c |
|
|
5,000 |
|
|
(Sale of Machinery was wrongly recorded to Sales Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Ram |
Dr. |
|
450 |
|
|
To Suspense A/c |
|
|
450 |
|
|
(Purchase of goods Rs 50 from Ram was Credited to his account as Rs 500, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
30 |
|
|
To Discount A/c |
|
|
30 |
|
|
(Discount allowed by Shyam was not recorded in Discount Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sundry Debtors |
Dr. |
|
640 |
|
To Suspense A/c |
|
|
640 |
||
|
(Amount owed by Hari not included in the list of Debtors, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
200 |
|
|
To Shiv |
|
|
200 |
|
|
(Goods returned by Shiv Rs 100 was wrongly debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
|
|
|
Difference in Trial Balance |
860 |
(iii) |
Discount |
30 |
(ii) |
Ram |
450 |
(iv) |
Sundry Debtors |
640 |
|
|
|
(v) |
Shiv |
200 |
|
|
|
|
Balance c/d |
440 |
|
|
|
|
|
1,310 |
|
|
1,310 |
|
|
|
|
|
|
Page No 20.40:
Question 32:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sales A/c |
Dr. |
|
5,000 |
|
|
To Machinery A/c |
|
|
5,000 |
|
|
(Sale of Machinery was wrongly recorded to Sales Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Ram |
Dr. |
|
450 |
|
|
To Suspense A/c |
|
|
450 |
|
|
(Purchase of goods Rs 50 from Ram was Credited to his account as Rs 500, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
30 |
|
|
To Discount A/c |
|
|
30 |
|
|
(Discount allowed by Shyam was not recorded in Discount Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sundry Debtors |
Dr. |
|
640 |
|
To Suspense A/c |
|
|
640 |
||
|
(Amount owed by Hari not included in the list of Debtors, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
200 |
|
|
To Shiv |
|
|
200 |
|
|
(Goods returned by Shiv Rs 100 was wrongly debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
|
|
|
Difference in Trial Balance |
860 |
(iii) |
Discount |
30 |
(ii) |
Ram |
450 |
(iv) |
Sundry Debtors |
640 |
|
|
|
(v) |
Shiv |
200 |
|
|
|
|
Balance c/d |
440 |
|
|
|
|
|
1,310 |
|
|
1,310 |
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Supplier |
Dr. |
|
693 |
|
|
To Suspense A/c |
|
|
693 |
|
|
(Goods bought from Supplier Rs 77 was Credited to his account Rs 770, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Customer A/c |
Dr. |
|
1,600 |
|
|
To Suspense A/c |
|
|
1,600 |
|
|
(Bill Receivable dishonoured was debited, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
160 |
|
|
To Customer A/c |
|
|
160 |
|
|
(Goods return by Customer was debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Debtors |
Dr. |
|
800 |
|
|
To Suspense |
|
|
800 |
|
|
(Amount owed by Customer was not in the list of debtors, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
|
|
(i) |
Supplier |
693 |
(iii) |
Customer |
160 |
(ii) |
Customer |
1,600 |
|
Balance c/d |
2,933 |
(iv) |
Debtors |
800 |
|
|
3,093 |
|
|
3,093 |
|
|
|
|
|
|
Page No 20.40:
Question 33:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Supplier |
Dr. |
|
693 |
|
|
To Suspense A/c |
|
|
693 |
|
|
(Goods bought from Supplier Rs 77 was Credited to his account Rs 770, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Customer A/c |
Dr. |
|
1,600 |
|
|
To Suspense A/c |
|
|
1,600 |
|
|
(Bill Receivable dishonoured was debited, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
160 |
|
|
To Customer A/c |
|
|
160 |
|
|
(Goods return by Customer was debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Debtors |
Dr. |
|
800 |
|
|
To Suspense |
|
|
800 |
|
|
(Amount owed by Customer was not in the list of debtors, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
|
|
(i) |
Supplier |
693 |
(iii) |
Customer |
160 |
(ii) |
Customer |
1,600 |
|
Balance c/d |
2,933 |
(iv) |
Debtors |
800 |
|
|
3,093 |
|
|
3,093 |
|
|
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Purchases A/c |
Dr. |
|
100 |
|
|
To Suspense A/c |
|
|
|
100 |
|
(Total of Purchases Book casted short, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
198 |
|
|
To Suspense A/c |
|
|
|
198 |
|
(Sales Book overcast by Rs 198, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales Return A/c |
Dr. |
|
500 |
|
|
To Ajai’s A/c |
|
|
|
500 |
|
(Goods returned by Ajai were omitted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales A/c |
Dr. |
|
360 |
|
|
To Ram’s A/c |
|
|
|
360 |
|
(Sale to Ram for Rs 480 entered as Rs 840, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Machine A/c |
Dr. |
|
10,000 |
|
|
To Wages A/c |
|
|
|
10,000 |
|
(Wages paid for installation of machine debited to Wages Account, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 20.41:
Question 34:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Purchases A/c |
Dr. |
|
100 |
|
|
To Suspense A/c |
|
|
|
100 |
|
(Total of Purchases Book casted short, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Sales A/c |
Dr. |
|
198 |
|
|
To Suspense A/c |
|
|
|
198 |
|
(Sales Book overcast by Rs 198, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Sales Return A/c |
Dr. |
|
500 |
|
|
To Ajai’s A/c |
|
|
|
500 |
|
(Goods returned by Ajai were omitted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales A/c |
Dr. |
|
360 |
|
|
To Ram’s A/c |
|
|
|
360 |
|
(Sale to Ram for Rs 480 entered as Rs 840, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Machine A/c |
Dr. |
|
10,000 |
|
|
To Wages A/c |
|
|
|
10,000 |
|
(Wages paid for installation of machine debited to Wages Account, now rectified) |
|
|
|
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sohan |
Dr. |
|
50 |
|
|
To Suspense A/c |
|
|
50 |
|
|
(Goods Purchased from Sohan Rs 200 was posted to his account as Rs 250, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Furniture A/c |
Dr. |
|
500 |
|
|
To Purchases A/c |
|
|
500 |
|
|
(Purchase of Furniture was entered in Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
727 |
|
|
To Gian |
|
|
727 |
|
|
(Gian’s Account was debited by Rs 215 Instead of Crediting Rs 512, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales Return A/c |
Dr. |
|
130 |
|
Sales A/c |
Dr. |
|
130 |
|
|
To Suspense A/c | 260 | ||||
(Sale return by G was wrongly entered in the Sales Book, now rectified) | |||||
(v) | John | Dr. | 200 | ||
|
To Suspense A/c |
|
|
200 |
|
|
(Debit balance in personal account of Mr. John omitted while preparing the Trial Balance) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
|
|
|
Balance b/d |
217 |
(iii) |
Gian |
727 |
(i) |
Sohan |
50 |
|
|
|
(iv) |
Sales Return |
130 |
|
|
|
(iv) |
Sales |
130 |
(v) | John | 200 | |||
|
|
727 |
|
|
727 |
|
|
|
|
|
|
Page No 20.41:
Question 35:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Sohan |
Dr. |
|
50 |
|
|
To Suspense A/c |
|
|
50 |
|
|
(Goods Purchased from Sohan Rs 200 was posted to his account as Rs 250, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Furniture A/c |
Dr. |
|
500 |
|
|
To Purchases A/c |
|
|
500 |
|
|
(Purchase of Furniture was entered in Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
727 |
|
|
To Gian |
|
|
727 |
|
|
(Gian’s Account was debited by Rs 215 Instead of Crediting Rs 512, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Sales Return A/c |
Dr. |
|
130 |
|
Sales A/c |
Dr. |
|
130 |
|
|
To Suspense A/c | 260 | ||||
(Sale return by G was wrongly entered in the Sales Book, now rectified) | |||||
(v) | John | Dr. | 200 | ||
|
To Suspense A/c |
|
|
200 |
|
|
(Debit balance in personal account of Mr. John omitted while preparing the Trial Balance) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
|
|
|
|
Balance b/d |
217 |
(iii) |
Gian |
727 |
(i) |
Sohan |
50 |
|
|
|
(iv) |
Sales Return |
130 |
|
|
|
(iv) |
Sales |
130 |
(v) | John | 200 | |||
|
|
727 |
|
|
727 |
|
|
|
|
|
|
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
100 |
|
|
To Commission A/c |
|
|
100 |
|
|
(Commission Rs 275 was debited as Rs 375, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Suspense A/c |
Dr. |
|
620 |
|
|
To Personal Account |
|
|
620 |
|
|
(Credit amount Rs 260 was wrongly posted to the debit Rs 360 in Personal Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Surinder |
Dr. |
|
600 |
|
|
To Sales A/c |
|
|
300 |
|
|
To Purchases A/c |
|
|
300 |
|
|
(Goods sold to Surinder was wrongly recorded in the Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Building A/c |
Dr. |
|
1,200 |
|
|
To Repair A/c |
|
|
1,200 |
|
|
(Cost of erection of Godown Rs 1,200 was debited to Repair Account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
(i) |
Commission |
100 |
|
Balance b/d |
720 |
(ii) |
Personal Account |
620 |
|
|
|
|
|
720 |
|
|
720 |
|
|
|
|
|
|
Page No 20.41:
Question 36:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
(i) |
Suspense A/c |
Dr. |
|
100 |
|
|
To Commission A/c |
|
|
100 |
|
|
(Commission Rs 275 was debited as Rs 375, now rectified) |
|
|
|
|
|
|
|
|
||
(ii) |
Suspense A/c |
Dr. |
|
620 |
|
|
To Personal Account |
|
|
620 |
|
|
(Credit amount Rs 260 was wrongly posted to the debit Rs 360 in Personal Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Surinder |
Dr. |
|
600 |
|
|
To Sales A/c |
|
|
300 |
|
|
To Purchases A/c |
|
|
300 |
|
|
(Goods sold to Surinder was wrongly recorded in the Purchases Book, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Building A/c |
Dr. |
|
1,200 |
|
|
To Repair A/c |
|
|
1,200 |
|
|
(Cost of erection of Godown Rs 1,200 was debited to Repair Account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
Amount Rs |
Date |
Particulars |
Amount Rs |
(i) |
Commission |
100 |
|
Balance b/d |
720 |
(ii) |
Personal Account |
620 |
|
|
|
|
|
720 |
|
|
720 |
|
|
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Sales A/c |
Dr. |
|
200 |
|
|
To Suspense A/c |
|
|
|
200 |
|
(Sales Book overcast by Rs 200, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Suspense A/c |
Dr. |
|
270 |
|
|
Furniture A/c |
Dr. |
|
300 |
|
|
To Purchases A/c |
|
|
|
300 |
|
To Furniture House’s A/c |
|
|
|
270 |
|
(Purchase of furniture passed through Purchases Book and credited to Furniture House’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Ram’s A/c |
Dr. |
|
605 |
|
|
To Suspense A/c |
|
|
|
605 |
|
(Sale to Ram for Rs 55 but credited to his account as Rs 550, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
80 |
|
|
To Purchases A/c |
|
|
|
80 |
|
(Purchases Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Purchases Return A/c |
Dr. |
|
10 |
|
|
To Suspense A/c |
|
|
|
10 |
|
(Purchases Return Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Sales A/c |
Dr. |
|
180 |
|
|
To Customer’s A/c |
|
|
|
180 |
|
(Sale of goods for Rs 20 entered as Rs 200, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d (Balancing Figure) |
465 |
Sales A/c |
200 |
||
Furniture House |
270 |
Ram’s A/c |
605 |
||
Purchases A/c |
80 |
Purchases Return A/c |
10 |
||
|
815 |
|
815 |
||
|
|
|
|
Page No 20.41:
Question 37:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Sales A/c |
Dr. |
|
200 |
|
|
To Suspense A/c |
|
|
|
200 |
|
(Sales Book overcast by Rs 200, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Suspense A/c |
Dr. |
|
270 |
|
|
Furniture A/c |
Dr. |
|
300 |
|
|
To Purchases A/c |
|
|
|
300 |
|
To Furniture House’s A/c |
|
|
|
270 |
|
(Purchase of furniture passed through Purchases Book and credited to Furniture House’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Ram’s A/c |
Dr. |
|
605 |
|
|
To Suspense A/c |
|
|
|
605 |
|
(Sale to Ram for Rs 55 but credited to his account as Rs 550, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
80 |
|
|
To Purchases A/c |
|
|
|
80 |
|
(Purchases Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Purchases Return A/c |
Dr. |
|
10 |
|
|
To Suspense A/c |
|
|
|
10 |
|
(Purchases Return Book was overcast, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Sales A/c |
Dr. |
|
180 |
|
|
To Customer’s A/c |
|
|
|
180 |
|
(Sale of goods for Rs 20 entered as Rs 200, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d (Balancing Figure) |
465 |
Sales A/c |
200 |
||
Furniture House |
270 |
Ram’s A/c |
605 |
||
Purchases A/c |
80 |
Purchases Return A/c |
10 |
||
|
815 |
|
815 |
||
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Repairs A/c |
Dr. |
|
1,200 |
|
|
To Machinery A/c |
|
|
|
1,200 |
|
(Repairs to Machinery debited to Machinery Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Drawings A/c |
Dr. |
|
200 |
|
|
To Travelling Expenses A/c |
|
|
|
200 |
|
(Proprietor’s drawings debited to Travelling Expenses Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Mahesh’s A/c |
Dr. |
|
3,000 |
|
|
To Ramesh’s A/c |
|
|
|
3,000 |
|
(Mahesh’s Account credited instead of Ramesh’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Shiv Govind’s A/c |
Dr. |
|
500 |
|
|
To Allowances A/c |
|
|
|
500 |
|
(Dishonour of Shiv Govind’s cheque debited to Allowances Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sales Return A/c |
Dr. |
|
600 |
|
|
To Customer’s A/c |
|
|
|
600 |
|
(Goods returned by a customer were omitted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Building A/c |
Dr. |
|
7,000 |
|
|
To Repairs A/c |
|
|
|
7,000 |
|
(Amount spent on extension of building debited to Repairs Account, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 20.41:
Question 38:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Repairs A/c |
Dr. |
|
1,200 |
|
|
To Machinery A/c |
|
|
|
1,200 |
|
(Repairs to Machinery debited to Machinery Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Drawings A/c |
Dr. |
|
200 |
|
|
To Travelling Expenses A/c |
|
|
|
200 |
|
(Proprietor’s drawings debited to Travelling Expenses Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Mahesh’s A/c |
Dr. |
|
3,000 |
|
|
To Ramesh’s A/c |
|
|
|
3,000 |
|
(Mahesh’s Account credited instead of Ramesh’s Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Shiv Govind’s A/c |
Dr. |
|
500 |
|
|
To Allowances A/c |
|
|
|
500 |
|
(Dishonour of Shiv Govind’s cheque debited to Allowances Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Sales Return A/c |
Dr. |
|
600 |
|
|
To Customer’s A/c |
|
|
|
600 |
|
(Goods returned by a customer were omitted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Building A/c |
Dr. |
|
7,000 |
|
|
To Repairs A/c |
|
|
|
7,000 |
|
(Amount spent on extension of building debited to Repairs Account, now rectified) |
|
|
|
|
|
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Suspense A/c |
Dr. |
|
530 |
|
|
To Profit & Loss Adjustment A/c |
|
|
|
530 |
|
(Sales Book was undercasted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Profit & Loss Adjustment A/c |
Dr. |
|
95 |
|
|
To Suspense A/c |
|
|
|
95 |
|
(Entertainment expenses omitted from being posted to the Ledger, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
25 |
|
|
To Profit & Loss Adjustment A/c |
|
|
|
25 |
|
(Discount Account was wrongly debited, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
54 |
|
|
To Ramnath’s A/c |
|
|
|
54 |
|
(Sale to Ramnath for Rs 139 posted to his account as Rs 193, now rectified) |
|
|
|
|
|
|
|
|
|
Page No 20.42:
Question 39:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Suspense A/c |
Dr. |
|
530 |
|
|
To Profit & Loss Adjustment A/c |
|
|
|
530 |
|
(Sales Book was undercasted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Profit & Loss Adjustment A/c |
Dr. |
|
95 |
|
|
To Suspense A/c |
|
|
|
95 |
|
(Entertainment expenses omitted from being posted to the Ledger, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
25 |
|
|
To Profit & Loss Adjustment A/c |
|
|
|
25 |
|
(Discount Account was wrongly debited, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Suspense A/c |
Dr. |
|
54 |
|
|
To Ramnath’s A/c |
|
|
|
54 |
|
(Sale to Ramnath for Rs 139 posted to his account as Rs 193, now rectified) |
|
|
|
|
|
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Ghosh’s A/c |
Dr. |
|
500 |
|
|
To Suspense A/c |
|
|
|
500 |
|
(Purchases from Ghosh for Rs 50 credited to his account as Rs 550, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Customer’s A/c |
Dr. |
|
2,000 |
|
|
To Bills Receivable A/c |
|
|
|
2,000 |
|
(Dishonour of bill debited to Bills Receivable Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
200 |
|
|
To Customer’s A/c |
|
|
|
200 |
|
(Return of goods by a customer debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Profit and Loss Adjustment A/c |
Dr. |
|
2,600 |
|
|
To Furniture A/c |
|
|
|
2,600 |
|
(Sale of furniture credited to Sales Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
20 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
20 |
|
(Discount received from a creditor not credited to Discount Received A/c, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Capital A/c |
Dr. |
|
2,580 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
2,580 |
|
(Loss transferred to Profit and Loss Adjustment Account) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d |
280 |
Ghosh’s A/c |
500 |
||
Customer’s A/c |
200 |
|
|
||
Profit and Loss Adjustment A/c |
20 |
|
|
||
|
|
|
|
||
|
500 |
|
500 |
||
|
|
|
|
||
Profit and Loss Adjustment Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Furniture A/c |
2,600 |
Suspense A/c |
20 |
||
|
|
Capital A/c (Balancing Figure) |
2,580 |
||
|
|
|
|
||
|
2,600 |
|
2,600 |
||
|
|
|
|
Page No 20.42:
Question 40:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Ghosh’s A/c |
Dr. |
|
500 |
|
|
To Suspense A/c |
|
|
|
500 |
|
(Purchases from Ghosh for Rs 50 credited to his account as Rs 550, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Customer’s A/c |
Dr. |
|
2,000 |
|
|
To Bills Receivable A/c |
|
|
|
2,000 |
|
(Dishonour of bill debited to Bills Receivable Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Suspense A/c |
Dr. |
|
200 |
|
|
To Customer’s A/c |
|
|
|
200 |
|
(Return of goods by a customer debited to his account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Profit and Loss Adjustment A/c |
Dr. |
|
2,600 |
|
|
To Furniture A/c |
|
|
|
2,600 |
|
(Sale of furniture credited to Sales Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
20 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
20 |
|
(Discount received from a creditor not credited to Discount Received A/c, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Capital A/c |
Dr. |
|
2,580 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
2,580 |
|
(Loss transferred to Profit and Loss Adjustment Account) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Balance b/d |
280 |
Ghosh’s A/c |
500 |
||
Customer’s A/c |
200 |
|
|
||
Profit and Loss Adjustment A/c |
20 |
|
|
||
|
|
|
|
||
|
500 |
|
500 |
||
|
|
|
|
||
Profit and Loss Adjustment Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Furniture A/c |
2,600 |
Suspense A/c |
20 |
||
|
|
Capital A/c (Balancing Figure) |
2,580 |
||
|
|
|
|
||
|
2,600 |
|
2,600 |
||
|
|
|
|
Answer:
Journal Entries |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
(i) |
Suspense A/c |
Dr. |
|
100 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
100 |
|
(Returns Outward Book was undercasted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(ii) |
Suspense A/c |
Dr. |
|
1,500 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
1,500 |
|
(Total of Discount Received Column not posted to Discount Received Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iii) |
Furniture A/c |
Dr. |
|
6,000 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
6,000 |
|
(Purchase of furniture debited to Purchases Account, now rectified) |
|
|
|
|
|
|
|
|
|
|
(iv) |
Customer’s A/c |
Dr. |
|
90 |
|
|
To Suspense A/c |
|
|
|
90 |
|
(Credit sale to a customer of Rs 760 posted to his account as Rs 670, now rectified) |
|
|
|
|
|
|
|
|
|
|
(v) |
Suspense A/c |
Dr. |
|
10,000 |
|
|
To Profit and Loss Adjustment A/c |
|
|
|
10,000 |
|
(Sales Book was undercasted, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vi) |
Profit and Loss Adjustment A/c |
Dr. |
|
10,000 |
|
|
To Stock in Trade |
|
|
|
10,000 |
|
(Closing stock was overstated, now rectified) |
|
|
|
|
|
|
|
|
|
|
(vii) |
Profit and Loss Adjustment A/c |
Dr. |
|
7,600 |
|
|
To Capital A/c |
|
|
|
7,600 |
|
(Profit transferred to Profit and Loss Adjustment Account) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Profit and Loss Adjustment A/c |
100 |
Balance b/d (Balancing Figure) |
11,510 |
||
Profit & Loss Adjustment A/c |
1,500 |
Customer’s A/c |
90 |
||
Profit & Loss Adjustment A/c |
10,000 |
|
|
||
|
|
|
|
||
|
11,600 |
|
11,600 |
||
|
|
|
|
||
Profit and Loss Adjustment Account |
|||||
Dr. |
|
Cr. |
|||
Particulars |
Amount (Rs) |
Particulars |
Amount (Rs) |
||
Stock in Trade A/c |
10,000 |
Suspense A/c |
100 |
||
Capital A/c (Balancing Figure) |
7,600 |
Suspense A/c |
1,500 |
||
|
|
Furniture A/c |
6,000 |
||
|
|
Suspense A/c |
10,000 |
||
|
|
|
|
||
|
17,600 |
|
17,600 |
||
|
|
|
|
||
Last year’s profit will be increased by Rs 7,600.
View NCERT Solutions for all chapters of Class 13