Question
33:
Give the Journal entries to rectify the following errors:
(i) Purchases Book was overcast by ` 1,000.
(ii) Installation charges on new machinery purchased ` 500
were debited to Sundry Expenses Account as ` 50.
(iii) Radhey Shyam returned
goods worth ` 500 which was entered in the Purchases Return Book.
(iv) Goods taken by the proprietor for ` 5,000 have not been entered in the books at all.
Answer:
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Journal |
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Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
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(i) |
Suspense A/c |
Dr. |
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1,000 |
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To Purchases A/c |
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1,000 |
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(Purchases Book was overcast, now rectified) |
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(ii) |
Machinery A/c |
Dr. |
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500 |
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To Sundry Expense A/c |
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50 |
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To Suspense A/c |
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450 |
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(Installation charges of Machinery Rs 1,500 was wrongly debited as Rs 50 in Sundry Expenses Account, now rectified) |
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(iii) |
Sales Return A/c |
Dr. |
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500 |
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Purchases Return A/c |
Dr. |
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500 |
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To Radhey Shyam |
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1,000 |
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(Goods returned by Radhey Shyam was wrongly entered in Purchases Return Book, now rectified) |
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(iv) |
Drawings A/c |
Dr. |
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5,000 |
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To Purchases A/c |
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5,000 |
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(Goods taken by proprietor was not recorded, now rectified) |
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Question
34:
Rectify the following errors:
(i) The total of one page of Sales Book was carried
forward as ` 371 instead of ` 317.
(ii) ` 540 received from Yatin was posted to the
debit of his Account.
(iii) Purchases Returns Book was overcast by ` 300.
(iv) An item of ` 1,062
entered in Sales Return Book had been posted to the debit of customer who
returned the goods.
(v) ` 1,500 paid for furniture purchased had been charged to ordinary
Purchase Account.
Answer:
|
Journal |
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|
Date |
Particulars |
L.F. |
Debit Rs |
Credit Rs |
|
|
(i) |
Sales A/c |
Dr. |
|
54 |
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To Suspense A/c |
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|
54 |
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(One page of Sale Book Rs 317 was wrongly forwarded as Rs 371, now rectified) |
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(ii) |
Suspense A/c |
Dr. |
|
1,080 |
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To Yatin |
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1,080 |
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(Received Rs 540 from Yatin posted wrongly to the debit side of his account, now rectified) |
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(iii) |
Purchases Return A/c |
Dr. |
|
300 |
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To Suspense A/c |
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300 |
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(Purchases Return Book was overcast, by now rectified) |
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(iv) |
Suspense A/c |
Dr. |
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2,124 |
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To Customer |
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2,124 |
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(Goods return by Customer Rs 1,062 was posted wrongly to the debit of his account, now rectified) |
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(v) |
Furniture A/c |
Dr. |
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1,500 |
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To Purchases A/c |
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1,500 |
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(Amount paid for purchase of Furniture wrongly debited to Purchases Account, now rectified) |
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Question
35:
Rectify the following errors by passing Journal entries:
(i) A sum of ` 470
received from Ganga was posted to her debit as ` 740.
(ii) A debit balance of ` 550 in the personal account of Mr. John was undercast.
(iii) Bills Receivable from Brown for ` 3,000 posted to the
credit of Bills Payable Account and credited to Brown’s Account.
(iv) Goods returned by Mridul
` 225 have been entered in the Returns Outward Book.
Answer:
|
Journal |
||||||
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Date |
Particulars |
L.F. |
Debit (Rs) |
Credit (Rs) |
||
|
(i) |
Suspense A/c
(740+ 470) |
Dr. |
|
1,210 |
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To Ganga’s A/c |
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|
1,210 |
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(Rs 470 received from Ganga was posted to her debit as Rs 740, now rectified) |
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(ii) |
Mr. John’s A/c |
Dr. |
|
550 |
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To Suspense A/c |
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|
550 |
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(Debit balance
of Mr. John’s personal account was undercasted by Rs 550, now rectified) |
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(iii) |
Bills Receivable
A/c |
Dr. |
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3,000 |
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Bills Payable
A/c |
Dr. |
|
3,000 |
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To Suspense A/c |
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|
6,000 |
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(Bills
Receivable from Brown, posted to credit of bills payable and credited to
Brown’s Account, now rectified) |
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(iv) |
Sales Return
A/c |
Dr. |
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225 |
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Purchases Return
A/c |
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225 |
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To Mridul’s A/c |
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450 |
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(Goods returned
by Mridul was entered in the Return Outward book,
now rectified) |
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Question
36:
While trying to close his books for the year ended 31st
March, 2014, Mahesh found that the Trial Balance did not agree. He traced the
following errors:
(i) In the Sales Book for the month of January total
of Page No. 2 was carried forward to Page No. 3 as ` 1,000
instead of ` 1,200 and total of Page No. 6 was carried forward to Page No. 7 as ` 5,600 instead of ` 5,000.
(ii) Goods returned to Ram ` 1,000 were recorded in the Sales Book.
(iii) Bills Receivable for ` 1,600 from Noor was dishonoured and
posted to debit of Allowances Account.
Rectify the above errors.
Answer:
|
Journal |
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Date |
Particulars |
L.F. |
Debit (Rs) |
Credit (Rs) |
||
|
(i) |
Sales A/c |
Dr. |
|
400 |
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To Suspense A/c |
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|
400 |
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|
(Sale book was undercasted by Rs 200 and overcastted by Rs 600, now
rectified) |
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(ii) |
Sales A/c |
Dr. |
|
1,000 |
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To
Purchases Return A/c |
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1,000 |
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(Goods Returned
to Ram recorded in Sales Book, now rectified) |
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(iii) |
Noor’s A/c |
Dr. |
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1,600 |
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To Allowances
A/c |
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1,600 |
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|
(Bills
Receivable from Noor dishonoured and recorded to
allowances account, now rectified) |
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Class 11th
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