11th | Rectification of Errors | Question No. 1 To 4 | Ts Grewal Solution 2022-2023

Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Suspense A/c

Dr.

20,000

To Purchases A/c

20,000

(Purchase book was overcastted, now rectified)

(ii)

Purchases Return A/c

Dr.

5,000

To Suspense A/c

5,000

(Purchase return book was overcastted by Rs 1,000, now rectified)

(iii)

Purchases Return A/c

Dr.

500

To Suspense A/c

500

(Purchase return book’s balance was carried forward in excess of Rs 100, now rectified)

(iv)

Suspense A/c

Dr.

1,000

To Purchases A/c

1,000

(Purchase book’s balance was  carried forward in excess of Rs 1,000, now rectified)

Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Suspense A/c

Dr.

10,000

To Sales A/c

10,000

(Sales book was undercasted, now rectified)

(ii)

Sales Return A/c

Dr.

1,000

  To Suspense A/c

1,000

(Sales return book was undercasted, now rectified)

(iii)

Suspense A/c

Dr.

1,000

To Sales A/c

1,000

(Sales book’ balance carried forward was short, now rectified)

(iv)

Sales Return A/c

Dr.

100

To Suspense A/c

100

(Sales return book’ balance carried forward was short, now rectified)

Journal 

Date

Particulars

L.F.

Debit

 (Rs)

Credit

 (Rs)

(i)

Sales A/c

Dr.

8,000

To Suspense A/c

8,000

(Sales book was overcasted by Rs 5,000, now rectified)

(ii)

Sales Return A/c

Dr.

500

To Suspense A/c

500

(Sales book was undercasted by Rs 500, now rectified)

(iii)

Sales A/c

Dr.

1,000

To Suspense A/c

1,000

(Sales book’s balance was  carried forward in excess by Rs 1,000, now rectified)

(iv)

Suspense A/c

Dr.

100

To Sales Return A/c

100

(Sales return book’s balance was  carried forward in excess by Rs 100, now rectified)

Journal

Date

Particulars

L.F.

Debit
(`)

Credit
(`)

i)

Sales A/c

Dr.

180

  To Mohan’s A/c

180

(Being correcting goods sold on credit to Mohan recorded at wrong amount)

ii)

Sohan’s A/c

Dr.

850

  To Mohan’s A/c

850

(Being correcting credit sale to Sohan recorded as sale to Mohan)

iii)

Meenu’s A/c

Dr.

850

  To Sales A/c

270

  To Meena’s A/c

580

(Being correcting  credit sale to Meenu recorded to Meena at wrong amount)

iv)

Ram’s A/c

Dr.

1,700

  To Sales A/c

850

  To Purchases A/c

850

(Being correcting  credit sales to Ram wrongly recorded in the purchases book)

v)

Sales A/c

Dr.

7,100

  To Machinery A/c

1,700

  To Soahn’s A/c

5,400

(Being correcting credit sale of machinery to Sohan wrongly recorded in sales book)

vi)

Bills Payable A/c

Dr.

6,000

Bills Receivable A/c

Dr.

5,000

  To Mahinder’s A/c

11,000

(Being bills receivable wrongly recorded as bills payable now rectified)