11th | Rectification of Errors | Question No. 41 To 44 | Ts Grewal Solution 2022-2023

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

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)

Books of Ram Gopal

Journal

Date

Particulars

L.F.

Debit

 (`)

Credit

 (`)

2018

(i)

Suspense A/c

Dr.

1,080

To Mayank

1,080

(Cash received from Mayank 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)

NamanA/c

Dr.

400

To Manan A/c

400

(Amount paid to Naman was wrongly debited to Manan, now rectified)

Suspense Account

Dr.

Cr.

Date

Particulars

 (`)

Date

Particulars

 (`)

(i)

Mayank

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

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

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

Rs

Date

Particulars

      Rs

(i)

Personal

788

Balance b/d

261

(iv)

Customer

9

(ii)

Depreciation

625

(v)

Sales

99

(vi)

Return Inwards

10

896

896

Journal

Date

Particulars

L.F.

Debit

 (`)

Credit

 (`)

2022

(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)

Suspense Account

Dr.

Cr.

Date

Particulars

Amount (`)

Date

Particulars

Amount (`)

(ii)

Discount Received

5

Balanced b/d

283

(iv)

Interest on Advances

500

(i)

Amar Nath

75

(v)

Return Outwards

100

(i)

Amar Singh

57

Balance c/d

190

605

605