Question

(i) The following errors are detected in the books of Dey & Co. after preparation of their trial balance.

Rectify the errors :

(a) Sales return book is overcast by 10,000 while calculating the total.

(b) Purchased machinery of 10,000 was wrongly included in purchase account.

(c) Goods sold on credit of 5,000 to Mr. Saha but wrongly debited to Mr. Roy's account.

(d) Amount paid to Mr. Sen of 2,000 in cash is wrongly credited to Mr. Das's account.​

Answer 1

Answer:

Rectified Entries :

a ) Suspence ac Dr. 10,000

To sales return ac. 10,000

( Sales return book is overcast by 10,000 while calculating the total )

b ) Machinery ac Dr. 10,000

To Suspence ac 10,000

( Purchased machinery of 10,000 was wrongly included in purchase account )

c ) Mr Saha ac Dr. 5000

To Suspence ac 5000

( Goods sold on credit of 5,000 to Mr. Saha but wrongly debited to Mr. Roy's account )

d ) Suspence ac Dr. 2000

To Mr. Sen's ac 2000

( Amount paid to Mr. Sen of 2,000 in cash is wrongly credited to Mr. Das's account )

Suspence Account :

When all attempt failed to locate errors and the preparation of final account cannot be further delayed, the difference in the trial balance is temporarily transferred to an account called Suspence account.

If the debit's are shown, the difference is debited to Suspence ac. And if the credit's are shown, the differences is credited to Suspence ac.

Answer 2

Answer:

Amount paid to Mr. Sen of 2,000 in cash is wrongly credited to Mr. Das's account.