Question

Rectify the following errors:
(i) Purchases Book is undercast by 1,500
(ii) Sales Return Book is overcast by 1,000
(iii) Sales Book is added short by 100
(4) the total of purchase journal of by7,580 has been posted to purchase account as by5,780
(5) the Total of the page of sales journal of by 24,750was carried to next page as by27,450​

Answer 1

Answer:

(i) Purchases A/C 1500

To Suspense A/C 1500

(ii) Sales A/C 1000

To Suspense A/C 1000

(iii) Suspense A/C 100

To Suspense A/C 100

(iv) Purchases A/C 1800

To Suspense A/C 1800

(v) Sales A/C 2700

To Suspense A/C 2700