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11th | Rectification of Errors | Question No. 45 To 47 | Ts Grewal Solution 2022-2023

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



  
   (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

 

 

 

 

 

 

 

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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