Question

Rectify the following errors:
(a) Purchase Book is over cast by Rs 300( for the month of march).
(b) Sales book has been under cast by Rs.200.
(c) Purchase Returns Book has been over cast by Rs.75.
(d) Sales Return Book has been cast By Rs.50​

Answer 1

Answer:

Explanation:

Suspense a/c dr 300

      To purchases a/c 300

(purchases book overcast , now rectified )

Suspense a/c dr 200

        To sales a/c 200

(sales book under cast , now rectified)

purchases return a/c dr 75

    To suspense a/c 75

(Purchase return book overcast , now rectified)

sales return a/c dr 50

     To suspense a/c 50

(sales return book undercast , now rectified)

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