Question

Which account is generally used for rectification of one-sided errors ?

Answer 1

Cash paid to Ram Rs 1000, debited to Ram Account as Rs 100

Note: We have to assume that Cash Account has been correctly credited

Solution:

Point of 
DetectionGuideline for RectificationRemarksBefore Trial 
BalanceRectify Ram Account directly in
the Ledger by posting shortfall 
of Rs (1000-100) = 900 in the 
debit sideOnly Ram Account was 
underdebited by Rs 900After Trial 
Balance but 
before Final 
AccountsPass the rectification entry:

Ram Account……. Dr Rs 900
To Suspense Account Rs 900Since it is a one sided error, 
the Trial Balance will not agree. 
Thus the excess credit of Rs 
900 must have been made 
good by introduction of 
Suspense A/c with a debit 
balance of Rs 900.
Now by rectification, the 
suspense account is being 
abolished.After Final 
AccountsSame as above i.e pass the 
rectification entry:

Ram Account……. Dr Rs 900
To Suspense Account Rs 900