Question

Give Journal entries to rectify the following errors using Suspense Account, wher
necessary
(1) A credit purchase of 2,800 was passed through the Sales Day Book.
(2) Goods of the value of 32,000 returned by Mr. Gupta were entered in the Sales
Day Book and posted therefrom to the credit of his account.
(3) 32,600 stolen by an ex-employee stood debited to Suspense A/c.
(4) 33,000 received from a customer as an advance against order was credited to
Sales A/c.
(5) A sum of 800 written off as depreciation on Machinery, were not posted to
Depreciation A/c.
(6) Purchase of a Scooter was debited to conveyance account 16,000. Firm
charges 10% depreciation on vehicles.
(7) Payment of 500 to Mohan and 600 to Sohan was made but Mohan was debited with 600 and Sohan with 500.
8) Sales to X ₹500 were posted to Y's Account.​

Answer 1

Answer:

1. Purchase a/c 2800

sales a/c 2800

to suspense account 5600

2. Sales return account 2000

sales account 2000

to suspense account 4000

3. loss by theft 2600

to suspense account 2600

4. sales account 3000

to customer 3000

5. depreciation account 800

to suspense account 800

6. (I). vehicles account 16000

to conveyance account 16000

(ii) depreciation account 1600

to vehicles account 1600

7. Sohan account 100

to mohan account 100

8. X 500

to Y 500

hope you got your answer