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Page No 16.33:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

 

Suspense A/c

Dr.

 

500

 

 

To Sales A/c

 

 

500

 

(Sales Book was added short, now rectified)

 

 

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

5,000

 

 

To Suspense A/c

 

 

5,000

 

(Purchases Book was undercast, now rectified)

 

 

 

 

 

 

 

 

 

Suspense A/c

Dr.

 

1,500

 

 

To Purchases Return A/c

 

 

1,500

 

(Purchases Return Book was cast short now rectified)

 

 

 

 

 

 

 

 

 

Sales Return A/c

Dr.

 

200

 

 

To Suspense A/c

 

 

200

 

(Sales Return Book was undercast now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.33:

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 16.33:

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(Amount withdrawn by proprietor for personal use wrongly posted to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 16.33:

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 16.33:

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 16.33:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

5,000

 

 

To Salaries A/c

 

 

5,000

 

(Payment of Salaries Rs 5,000 was posted twice wrongly in Salaries Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

750

 

 

To Rajesh

 

 

750

 

(Received Rs 750 from Rajesh was omitted to be posted his account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales A/c

Dr.

 

3,000

 

 

To Suspense A/c

 

 

3,000

 

(Sales was overcast, now rectified)

 

 

 

 

 

 

 

 

(iv)

Advertisement A/c

Dr.

 

2,000

 

 

To Purchases A/c

 

 

2,000

 

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

 

 

 

 

 

 

 

 

 

Page No 16.33:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Vinod

Dr.

 

9

 

 

To Suspense A/c

 

 

9

 

(Rs 9 was posted less in Vinod’s Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Vinod

Dr.

 

9

 

 

To Suspense A/c

 

 

9

 

(Vinod’s Account was wrongly debited with Rs 9 less, now rectified)

 

 

 

 

 

 

 

 

(iii)

Vinod

Dr.

 

277

 

 

To Suspense A/c

 

 

277

 

(Sales to Vinod of Rs 143 was wrongly credited as Rs 134, now rectified)

 

 

 

 

 

 

 

 

 



Page No 16.34:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Monoj

Dr.

 

18,000

 

 

To Sales A/c

 

 

18,000

 

(Sales Rs 20,000 was recorded wrongly as Rs 2,000, now rectified)

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

25,000

 

 

To Wages A/c

 

 

25,000

 

(Amount spent on Installation of machinery was debited wrongly to Wages Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

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 16.34:

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 16.34:

Answer:

Books of Hari

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

180

 

 

To R. Krishan

 

 

180

 

(Goods sold to R. Krishan of Rs 132 was posted as Rs 312 in his account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Ramesh A/c

Dr.

 

2,000

 

 

To Suspense A/c

 

 

2,000

 

(Credit side of Ramesh's Account overcast, now rectified)

 

 

 

 

 

 

 

 

(iii)

Purchases A/c

Dr.

 

45

 

 

To Suspense A/c

 

 

45

 

(Total of Purchases Book was posted less by 45, now rectified)

 

 

 

 

 

 

 

 

(iv)

Typewriter A/c

Dr.

 

4,000

 

 

To Purchases A/c

 

 

4,000

 

(Purchase of type writer was wrongly posted to Purchases Account, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.34:

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 16.34:

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 16.34:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Sales Return A/c

Dr.

 

2,000

 

 

To Suspense A/c

 

 

2,000

 

(Sales Return Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(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 16.34:

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 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Madan

Dr.

 

5,400

 

 

To Sales A/c

 

 

5,400

 

(Sale of Goods to Madan Rs 6,000 was wrongly recorded as Rs 600)

 

 

 

 

 

 

 

 

(ii)

Sales A/c

Dr.

 

2,000

 

 

Purchases A/c

Dr.

 

2,000

 

 

To Mohan

 

 

4,000

 

(Purchases of goods from Mohan was wrongly recorded in the Sales Book, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sales Return A/c

Dr.

 

500

 

 

Purchases Return A/c

Dr.

 

500

 

 

To Customer A/c

 

 

1,000

 

(Sales Return was entered wrongly in Purchases Return Book, now rectified)

 

 

 

 

 

 

 

 

(iv)

Rajan

Dr.

 

400

 

 

To Discount A/c

 

 

400

 

(Discount Account was debited wrongly on dishonour of Rajan’s Cheque, now rectified)

 

 

 

 

 

 

 

 

(v)

Repair A/c

Dr.

 

820

 

 

To Purchases A/c

 

 

720

 

To Ramesh A/c

 

 

100

 

(Repair of Machinery Rs 820 was recorded wrongly to Purchases Book now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particular

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Madan

Dr.

 

5,400

 

 

To Sales A/c

 

 

5,400

 

(Sale of Goods Rs 6,000 to Madan was wrongly recorded as Rs 600)

 

 

 

 

 

 

 

 

(ii)

Purchases A/c

Dr.

 

1,500

 

 

Sales A/c

Dr.

 

1,500

 

 

To Ajay

 

 

3,000

 

(Purchase of Goods from Ajay was wrongly passed through Sales Book)

 

 

 

 

 

 

 

 

(iii)

Repair A/c

Dr.

 

300

 

 

To Building A/c

 

 

300

 

(Repair of Building Rs 300 was wrongly debited to Building Account,now rectified)

 

 

 

 

 

 

 

 

(iv)

Rohit

Dr.

 

2,050

 

 

Suspense A/c

Dr.

 

2,970

 

 

To Mohit

 

 

5,020

 

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

 

 

 

 

 

 

 

 

(v)

Purchases Return A/c

Dr.

 

400

 

 

To Suspense A/c

 

 

400

 

(Purchase Return Book was overcast now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

10,800

 

 

To Mr.A

 

 

10,800

 

(Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

800

 

 

To Sales Return A/c

 

 

800

 

(Sales Return Book was overcast, now rectified)

 

 

 

 

 

 

 

 

(iii)

Repair A/c

Dr.

 

2,740

 

 

To Motor Car A/c

 

 

1,740

 

To Suspense A/c

 

 

1,000

 

(Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified)

 

 

 

 

 

 

 

 

(iv)

Shyam

Dr.

 

3,000

 

 

To Return Inwards A/c

 

 

1,500

 

To Return Outwards A/c

 

 

1,500

 

(Return Outward to Shyam was wrongly recorded in the Return Inwards Book, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Discount Received A/c

Dr.

 

200

 

 

To Discount Allowed A/c

 

 

200

 

(On dishonour of Ranjan’s cheque, instead of crediting Discount Allowed Account, Discount Received Account was wrongly credited, now rectified)

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Machinery A/c

Dr.

 

2,000

 

 

To Wages A/c

 

 

2,000

 

(Wages paid for Installation of Machinery was debited wrongly to Wages Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Rakesh A/c

Dr.

 

5,000

 

 

To Bad Debt Recovered A/c

 

 

5,000

 

(Cash received from Rakesh was Credited wrongly to Rakesh’s Account was previously written

 

 

 

 

off as Bad Debt, now rectified)

 

 

 

 

 

 

 

 

(iv)

Since error is made at time of recording so correct entry would be

 

 

 

 

Repair A/c

Dr.

 

900

 

 

To Cash A/c

 

 

900

 

(Repair bill Rs 1,000 was recorded as Rs 100, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sales Book was undercast, now rectified)

 

 

 

 

 

 

 

 

(ii)

Sales Return A/c

Dr.

 

1,500

 

 

To Green & Co

 

 

1,500

 

(Goods returned by Green & Co was not recorded, now recorded)

 

 

 

 

 

 

 

 

(iii)

Suspense A/c

Dr.

 

5,000

 

 

To Gupta & Co

 

 

5,000

 

(Goods purchased of Rs 2,500 from Gupta & Co was wrongly debited to his account, now rectified)

 

 

 

 

 

 

 

 

(iv)

Furniture A/c

Dr.

 

10,000

 

 

To Purchases A/c

 

 

10,000

 

(Purchase of goods Rs 10,000 was debited wrongly to Purchases Book, now rectified)

 

 

 

 

 

 

 

 

(v)

Suspense A/c

Dr.

 

2,500

 

 

To A

 

 

2,500

 

(Cash received from A was not posted to his account, now rectified)

 

 

 

 

 

 

 

 

 

Page No 16.35:

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)

 

 

 

 

 

 

 

 

 



Page No 16.36:

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 16.36:

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 16.36:

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.

 

 

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)

 

 

 

 

Page No 16.36:

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Suspense A/c

Dr.

 

283

 

 

To Discount Received A/c

 

 

283

 

(Discount received from Creditor was not posted to Discount Received Account, now rectified)

 

 

 

 

 

 

 

 

(ii)

Merchant

Dr.

 

6,930

 

 

To Suspense A/c

 

 

6,930

 

(Goods Rs 770 bought from Merchant was wrongly posted to his account as Rs 7,700, now rectified)

 

 

 

 

 

 

 

 

(iii)

Sundry Debtors A/c

Dr.

 

6,000

 

 

To Suspense A/c

 

 

6,000

 

(Amount owing by Customer was omitted from the Schedule of Sundry Debtors, now rectified)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

4,052

 

 

To Customer

 

 

4,052

 

(Sales Return by Customer was wrongly posted to the debit of his account, now rectified)

 

 

 

 

 

 

 

 

 

 

Suspense Account

Dr.

Cr.

Date

Particulars

Amount Rs

Date

Particulars

Amount Rs

 

Balance b/d

8,595

 (ii)

Merchant

6,930

(i)

Discount Received

283

(iii)

Sundry Debtors

    6,000

(iv)

Customer

4,052

 

 

 

 

 

12,930

 

 

12,930

 

 

 

 

 

 

 

Page No 16.36:

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. Das A/c

 

 

400

 

(Amount paid to C. Das was wrongly debited to G. Das, 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 16.37:

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 16.37:

Answer:

<

Journal

Date

Particulars

L.F.

Debit

Amount

Rs

Credit

Amount

Rs

(i)

Amar Nath

Dr.

 

75

 

 

Amar Singh

Dr.

 

57

 

 

To Suspense A/c

 

 

132

 

(Cash paid to Amar Nath Rs 75 was wrongly Credited to Amar Singh as Rs 57, now rectified)

 

 

 

 

 

 

 

 

(ii)

Suspense A/c

Dr.

 

5

 

 

To Discount Received A/c

 

 

5

 

(Discount Received by Brijesh was omitted to be recorded in Discount column but was recorded in

 

 

 

 

Brijesh’s Account, now rectified)

 

 

 

 

 

 

 

 

(iii)

Drawings A/c

Dr.

 

40

 

 

To Purchases A/c

 

 

40

 

(Goods Drawn by proprietor was not recorded, now recorded)

 

 

 

 

 

 

 

 

(iv)

Suspense A/c

Dr.

 

500

 

 

To Interest on Advance A/c

 

 

500

 

(Interest on Advances received from Jhaveri Bros was not posted into Ledger, now rectified)

 

 

 

 

 

 

 

 

(v)

Suspense A/c

Dr.

 

100

 

 

To Return Outwards A/c

 

 

100

 

(Return Outwards Book undercasted, now rectified)