Question

Trial Balance of a firm did not match and difference was placed in Suspense Account. The

following errors were subsequently identified:

(i) Sales book was over casted by Rs. 200.

(ii) Goods sold to Manohar for Rs. 550 was posted as Rs. 5,500.

(iii) Purchases return book was carried forward as Rs. 1,220 instead of Rs. 1,120.​

Answer 1

Trial Balance of a firm did not match and difference was placed in Suspense Account. The following errors were subsequently identified: <br> (i) Sales Book was overcasted by Rs. 200. <br> (ii) Goods sold to Manohar for Rs. 550 was posted as Rs. 5,500. <br> (iii) Purchases Book was overcasted by Rs. 800. <br> (iv) Purchases Return Book was carried forward as Rs. 1,220 instead of Rs 1,120. <br> You are required to pass the Journal entries for rectification of the above errors.

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Answer 2

Your answer is in the above attachment