The following errors were detected before
preparation of trial balance. Rectify them.
(i)
Purchases returns book is undercast by
Rs.2,000
(ii)
Purchases returns book is overcast by
Rs. 2,400.
(iii) Sales returns book is undercast by
Rs. 2,800
(iv)
Sales returns books is overcast by
Rs.3,200
Answers
Answered by
0
Date
Particulars
L.F.
Debit
Amount
(Rs)
Credit
Amount
(Rs)
(i)
Suspense A/c
Dr.
10,000
To Purchases A/c
10,000
(Purchase book was overcastted by Rs 10,000, now rectified)
(ii)
Purchases Return A/c
Dr.
1,000
To Suspense A/c
1,000
(Purchase return book was overcastted by Rs 1,000, now rectified)
(iii)
Purchases Return A/c
Dr.
100
To Suspense A/c
100
(Purchase return book’s balance was carried forward in excess of Rs 100, now rectified)
(iv)
Suspense A/c
Dr.
1,000
To Purchases A/c
1,000
(Purchase book’s balance was carried forward in excess of Rs 1,000, now rectified)
Similar questions