Question

10. Rectify the following errors :
(i) Purchases book carried forward Rs. 10 less.
(ii) Sales book carried forward Rs. 15 less
(iii) Sales book carried forward Rs. 32 instead of Rs. 23

Answer 1

Answer:

sales book carried forward rs 32 instead of rs 23

Answer 2

When rectified entries are made a suspense account is created. This is a temporary account to maintain the doubtful entries

The journal entries for the above can be:

(i) Purchases book carried forward Rs. 10 less.

Purchase a/c Dr. 10

To Suspense a/c. 10

( Being Purchases book carried forward by Rs. 10 less.)

(ii) Sales book carried forward Rs. 15 less

Suspense a/c Dr. 15

To Sales a/c. 15

( Being Sales book carried forward by Rs. 15 less.)

(iii) Sales book carried forward Rs. 32 instead of Rs. 23

Sales a/c Dr. 9

To Suspense a/c. 9

( Being Sales book carried forward Rs. 32 instead of Rs. 23)

The above is the rectified Journal entries.