Rectification2022-2023

Journal

Date

Particulars

L.F.

Debit

 (`)

Credit

 (`)

(i)

Return Inwards A/c

Dr.

1,000

To Suspense A/c

1,000

(Return Inwards was undercast, now rectified)

(ii)

Furniture A/c

Dr.

3,000

To Purchases A/c

3,000

(Purchase of Office Furniture was wrongly entered in Purchases Book , now rectified)

(iii)

Furniture A/c

Dr.

3,750

To Wages A/c

3,750

(Wages paid for making showcases was wrongly charged to Wages Account, now rectified)

(iv)

Suspense A/c

Dr.

70

To Creditors

70

(Purchase of Rs 670 was Credited to Creditors as Rs 600, now rectified)

(v)

Nakul

Dr.

2,000

To Allowances A/c

2,000

  
   (vi)

(Nakul's Cheque was dishonoured and was wrongly debited to Allowances Account, now rectified)

Prasad                                                                                                        Dr.
  To Bad Debts Recovered A/c
(Bad debts recovered from Prasad wrongly credited to his personal account, now rectified)

15,720

15,720

Suspense Account

Dr.

Cr.

Date

Particulars

 (`)

Date

Particulars

 (`)

Balance b/d

930

(i)

Return Inwards

1,000

(iv)

Creditors

70

1,000

1,000

Books of S. Sen

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

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

Rs

Date

Particulars

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

Journal

Date

Particulars

L.F.

Debit

Rs

Credit

Rs

(i)

Suspense A/c

Dr.

78

To Ramesh

78

(Discount allowed Rs 178 to Ramesh was wrongly entered as Rs 100 in his account, now rectified)

(ii)

Purchases A/c

Dr.

1,000

To Suspense A/c

1,000

(Purchases Book was undercast, now rectified)

(iii)

Sales A/c

Dr.

360

To Kohli

360

(Sale of Goods Rs 375 was wrongly entered as Rs 735 in Sales Book, now rectified)

(iv)

Suspense A/c

Dr.

350

To Bose

350

(Purchases from Bose Rs 175 was debited to his account, now rectified)

(v)

Maitra

Dr.

250

To Bad Debt Recovered A/c

250

(Cash Received from Maitra which had been previously written off as bad debt, was Credited to

account, now rectified)

(vi)

Furniture A/c

Dr.

750

To Purchases A/c

750

(Purchases of Office furniture was wrongly entered in the Purchases Book, now rectified)

(vii)

Sales A/c

Dr.

180

To Suspense A/c

180

(Total of Sales Book carry forward by excess amount, now rectified)

(viii)

Drawings A/c

Dr.

150

To Purchases A/c

150

(Goods drawn by proprietor was not recorded, now rectified)

(ix)

Drawings A/c

Dr.

410

To Repair A/c

410

(Repair of proprietor’s personal Car was wrongly debited to Repairs Account, now rectified)

(x)

Kassim

Dr.

1,400

To Sales A/c

700

To Purchases A/c

700

(Sale to Kassim was wrongly entered in the Purchases Book, now rectified)

Suspense Account

Dr.

Cr.

Date

Particulars

Rs

Date

Particulars

Rs

Balance b/d

742

(ii)

Purchases

1,000

(i)

Ramesh

78

(vii)

Sales

180

(iv)

Bose

350

Balance c/d

10

1,180

1,180