Question
45:
Rectify the following errors found in the books of Bheem. Trial Balance had ` 930
excess credit. The difference has been posted to a Suspense Account:
(i) The total of Returns Inward Book has been cast ` 1,000 short.
(ii) The purchase of an office table costing ` 3,000
has been passed through the Purchases Book.
(iii) ` 3,750 paid for wages to workmen for making showcases had been
charged to the Wages Account.
(iv) A purchase of ` 670
had been posted to the Creditors' Account as ` 600.
(v) A cheque for ` 2,000
received from Nakul had been dishonoured
and was passed to the debit of the Allowances Account.
(vi) An amount of ` 15,720 due from Prasad written off as had in a previous year, was
recovered and credited to the Personal Account of Prasad.
After rectification reflect the transactions in the Suspense Account.
Answer:
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 |
|
|
(Nakul's Cheque was dishonoured and was wrongly debited to Allowances
Account, now rectified) |
|
|
|
|
|
|
|
|
|
Suspense Account |
|||||
Dr. |
Cr. |
||||
Date |
Particulars |
(`) |
Date |
Particulars |
(`) |
|
Balance b/d |
930 |
(i) |
Return Inwards |
1,000 |
(iv) |
Creditors |
70 |
|
|
|
|
|
1,000 |
|
|
1,000 |
|
|
|
|
|
|
Question
46:
The Trial Balance of S. Sen did not agree and the difference
in books was carried to a Suspense Account. Pass the entries required to
rectify the following errors which accounted for the difference. Also, prepare
the Suspense Account:
(i) A Sales Invoice for ` 1,000
for goods sold on credit to B. Basu was entered in
the Purchases Book but in the Ledger, the amount was correctly debited to the
account of B. Basu.
(ii) Goods bought on credit from Ram Lal for ` 1,500
were wrongly debited to his account as ` 5,100
(iii) An amount of ` 275 was posted as ` 325 to the debit side of the Commission Account.
(iv) The Sales Book for the month of April was undercasted by ` 100.
(v) ` 460 paid for building repairs was debited to the Building Account
as ` 640.
Answer:
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 |
|
|
|
|
|
|
Question
47:
The bookkeeper of a firm found that his Trial Balance was
out (excess credit) by ` 742. He placed the amount in a Suspense Account and subsequently
found the following errors:
(i) A discount of ` 178
was allowed to Ramesh but in his account only ` 100
is recorded.
(ii) The total of the Purchases Book was ` 1,000
short.
(iii) A sale of ` 375 to Kohli was entered in the Sales
Book as ` 735.
(iv) From the Purchases Book, Bose’s Account was
debited with ` 175.
(v) Cash ` 250 received from Maitra against debt
previously written off was credited to his account.
(vi) Purchase of office furniture worth ` 750 on credit from Delhi Furnitures was
entered in the Purchases Book.
(vii) While carrying forward the total of the Sales Book from one page to
another the amount of ` 11,358 was written as ` 11,538.
(viii) The proprietor took goods of the value of ` 150
for his domestic consumption. No record of it has been made in the books.
(ix) Repairs bill of ` 410 for the proprietor’s personal car, has been paid by the firm
and debited to the Repairs Account.
(x) A sale to Kassim of ` 700
has been entered in the Purchases Book.
Rectify the errors by means of suitable Journal entries and show the Suspense
Account.
Answer:
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 |
|
|
|
|
|
|
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Class 11th
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