Question

Rectify the following errors by opening suspense a/c wherever necessary. a) Sales book under cast by Rs. 200. b) Goods purchased for Rs. 1,000 recorded through sales book. c) Furniture purchased for Rs. 12,000 recorded in purchase book. d) Goods sold for Rs. 2,000 to Kiran were posted to the credit of his account. e) Cash received from Gopi Rs. 1,000 was not entered in cash book.

Answer 1

Answer:

a) Suspense a/c............. Dr ₹200

To Sales a/c. ₹200

(Being sales book was under cast, now rectified)

b) Purchase a/c.............. Dr ₹500

Sales a/c..................... Dr ₹500

To Suspense a/c. ₹1000

(Being goods purchased recorded through sales book, now rectified)

c) Furniture a/c............... Dr ₹12000

To Purchase a/c. ₹12000

(Being purchase of furniture recorded to purchase book, now rectified)

d) Kiran a/c......................Dr ₹2000

To Sales a/c. ₹2000

(Being goods sold to kiran, posted to credit of his ac, now rectified)

e) Cash a/c...................... Dr ₹1000

To Gopi a/c. ₹1000

(Being cash received from him, now rectified)