Question

Question 44.
Rectify the following errors:
(i) The total of one page of Sales Book was carried forward as ₹ 371 instead of ₹ 317.
(ii) ₹ 540 received from Yatin was posted to the debit of his Account.
(iii) Purchases Returns Book was overcast by ₹ 300.
(iv) An item of ₹ 1,062 entered in Sales Return Book had been posted to the debit of customer who returned the goods.
(v) ₹ 1,500 paid for furniture purchased had been charged to ordinary Purchase Account.

Answer 1

The correct journal entries are -

1) Sales A/c Dr, 54

To Suspense A/c 54

( Being sale page of book as 317, sent as 371 now rectified)

2) Suspense A/c Dr  540

To Yatin A/c 540

( Being 540 received from Yatin, wrongly recorded at debit side now rectified)

3) Purchases written A/c Dr 300

To Suspense A/c A/c 300

( Being purchases return book overcast, now rectified)

4) Suspense A/c 1062

To customer A/c 102

( Being goods worth 1062 returned from customer, wrongly recorded at debit side now rectified)

5) Furniture A/c 1500

To Purchases A.c 1500

( Being amount paid for furniture wrongly debited, now rectified)