Question

Rectify the following errors and also show suspense A/c. 3
(i) Goods sold to Mohan for ₹ 3,700 was wrongly passed through purchases book but correctly posted to the debit side of Mohan’s Account.
(ii) A dishonoured bill receivable for ₹ 2,000 returned by the bank had been credited to bank A/c and debited to B/R A/c.
(iii)₹ 600 owing by a customer had been omitted from the schedule of sundry debtors.​

Answer 1

1. Suspense a/c. Dr. 7400

To sales a/c. 3700

To purchase a/c. 3700

2. Suspense a/c. Dr 4000

To B/R a/c 2000

To drawee a/c. 2000

3. Sundry debtors a/c. Dr 600

To suspense a/c. 600