Rectify the following errors assuming that suspense account was opened Ascertain the difference in trial balance - Accountancy - Trial Balance and Rectification of Errors

Question

Rectify the following errors assuming that suspense
account was opened
Ascertain the difference in trial
balance

(a)

Credit sales to Mohan Rs 7,000 were recorded in
Purchase Book However, Mohanâ€™s account was
correctly debited

(b)

Credit purchases from Rohan Rs 9,000 were recorded
in sales book However, Rohanâ€™s account was
correctly credited

(c)

Goods returned to Rakesh Rs 4,000 were recorded in
sales return book However, Rakeshâ€™s account was
correctly debited

(d)

Goods returned from Mahesh Rs 1,000 were recorded
through purchases return book However, Maheshâ€™s
account was correctly credited

(e)

Goods returned to Naresh Rs 2,000 were recorded
through purchases book However, Nareshâ€™s account
was correctly debited

Saurabh Mehta · Accepted Answer

Journal

S No

Particulars

L F

Debit Amount Rs

Credit Amount Rs

(a)

Suspense A/c

Dr

14,000

To Sales
A/c

7,000

To Purchases
A/c

7,000

(Goods sold to Mohan wrongly recorded in Purchases
Book;
however, Mohan's Account was correctly debited, now
rectified)

(b)

Purchases A/c

Dr

9,000

Sales A/c

Dr

9,000

To Suspense
A/c

18,000

(Purchased goods from Rohan wrongly recorded in Sales Book
However, Rohan's Account
was correctly credited, now rectified)

(c)

Suspense A/c

Dr

8,000

To Purchases Return
A/c

4,000

To Sales Return
A/c

4,000

(Goods returned to Rakesh
Rs 4,000 wrongly entered in
Sales Return Book; however, Rakesh's Account was correctly
debited, now rectified)

(d)

Sales Return A/c

Dr

1,000

Purchases Return A/c

Dr

1,000

To Suspense
A/c

2,000

(Goods Returned from Mahesh wrongly entered
in
Purchases Return Book; however, Mahesh's Account
was
correctly credited, now rectified)

(e)

Suspense A/c

Dr

4,000

To Purchases Return
A/c

2,000

To Purchases
A/c

2,000

(Goods returned to Naresh
wrongly entered in Purchases
Book; however, correctly debited to Naresh's Account,
now rectified)

Suspense Account

Dr

Cr

S No

Particulars

J F

Amount

Rs

S No

Particulars

J F

Amount

Rs

(a)

Sales

7,000

(b)

Purchases

9,000

Purchases

7,000

Sales

9,000

(c)

Purchases Return

4,000

(d)

Sales Return

1,000

Sales Return

4,000

Purchases Return

1,000

(e)

Purchases Return

2,000

Purchases

2,000

Balance c/d

6,000

26,000

Journal
S. No.	Particulars				L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Suspense A/c			Dr.		14,000
		To Sales A/c					7,000
		To Purchases A/c					7,000
	(Goods sold to Mohan wrongly recorded in Purchases Book; however, Mohan's Account was correctly debited, now rectified)

(b)	Purchases A/c		Dr.			9,000
	Sales A/c		Dr.			9,000
		To Suspense A/c					18,000
	(Purchased goods from Rohan wrongly recorded in Sales Book. However, Rohan's Account was correctly credited, now rectified)

(c)	Suspense A/c		Dr.			8,000
		To Purchases Return A/c					4,000
		To Sales Return A/c					4,000
	(Goods returned to Rakesh Rs 4,000 wrongly entered in Sales Return Book; however, Rakesh's Account was correctly debited, now rectified)

(d)	Sales Return A/c		Dr.			1,000
	Purchases Return A/c		Dr.			1,000
		To Suspense A/c					2,000
	(Goods Returned from Mahesh wrongly entered in Purchases Return Book; however, Mahesh's Account was correctly credited, now rectified)

(e)	Suspense A/c		Dr.			4,000
		To Purchases Return A/c					2,000
		To Purchases A/c					2,000
	(Goods returned to Naresh wrongly entered in Purchases Book; however, correctly debited to Naresh's Account, now rectified)

Suspense Account
Dr.							Cr.
S. No.	Particulars	J.F.	Amount Rs	S. No.	Particulars	J.F.	Amount Rs
(a)	Sales		7,000	(b)	Purchases		9,000
	Purchases		7,000		Sales		9,000
(c)	Purchases Return		4,000	(d)	Sales Return		1,000
	Sales Return		4,000		Purchases Return		1,000
(e)	Purchases Return		2,000
	Purchases		2,000		Balance c/d		6,000
			26,000				26,000