Question

Give journal entries to rectify the following errors assuming that suspense
account had been opened.
(a) Goods distributed as free sample Rs. 5,000 were not recorded in the
books.
(b) Goods withdrawn for personal use by the proprietor Rs. 2,000 were
not recorded in the books.
(c) Bill receivable received from a debtor Rs. 6,000 was not posted to his
account.
(d) Total of Returns inwards book Rs. 1,200 was posted to Returns
outwards account.
(e) Discount allowed to Reema Rs. 700 on receiving cash from her was
recorded in the books as Rs. 70.

Answer 1

Answer:

Give journal entries to rectify the following errors assuming that suspense account had been opened. <br> (a) Goods distributed as free sample 5,000 were not recorded in the books. <br> (b) Goods withdrawn for personal use by the proprietor 2,000 were not recorded in the books. <br> (c) Bill receivable received from a debtor 6,000 was not posted to his account. <br> (d) Total of Returns inwards book 1,200 was posted to Returns outwards account. <br> (e) Discount allowed to Reema 700 on receiving cash from her was recorded in the books as 70.