Rectify the following errors:
(a) Sales book undercast by 300.
(b) Purchases book undercast by 400.
(c) Return Inwards book undercast by 200. (d) Return outwards book undercast by 100.
Answers
(a). Sales book undercast by 300.
Particulars Debit Credit
Suspense A/c 300
To Sales A/c 300
(Sales book undercast by Rs. 300 now rectified)
(b). Purchases book undercast by 400.
Particulars Debit Credit
Purchase A/c 400
To Suspense A/c 400
(Purchases book undercast by Rs. 400 now rectified)
(c). Return Inwards book undercast by 200.
Particulars Debit Credit
Return Inwards A/c 200
To Suspense A/c 200
(Return Inwards book undercast by Rs. 200 now rectified)
(d). Return Outwards book undercast by 100.
Particulars Debit Credit
Suspense A/c 100
To Return Outwards A/c 100
(Return Outwards book undercast by Rs. 100 now rectified)
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