The total of returns inward book for December has been cast ₹100 short
Answers
Answer:
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Page No 17.32:
Question 1:
How will be the following errors rectified?
(i) Purchases Book is overcasted by ₹ 10,000.
(ii) Purchases Return Book is overcasted by ₹ 1,000.
(iii) Purchases Return Book’s balance is carried forward in excess by ₹ 100.
(iv) Purchases Book’s balance is carried forward in excess by ₹ 1,000.
ANSWER:
Journal
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