Question

Write rectification entries from the following
a. Sales day book was over cast by rs 1500
B.Discount allowed rs 500 not posted to discount account
C.goods sold to jagadish for cash rs 700 wrongly debited to his account
D.a debtor balance of rs 800 was not included in debtors list
E. Purchase day book was under cast by rs 1000

Answer 1

Answer

Since in this question rectification has to be passed in which book is not mentioned. we consider it as rectification after Trial Balance but before Final A/c.  

                                        Journal Entries

a. Sales A/c          Dr.                  1500

       To Suspense A/c                               1500

(Being Sales book overcast by Rs.1500/- error now rectified)

b. Discount Allowed A/c   Dr.          500

        To Suspense A/c                                  500

(Being Discount Allowed not posted to discount A/c now rectified  )

c. Cash     A/c Dr.                             700

        To Sales A/c                                          700

(Being sale of good wrongly posted to Jagadish A/c now rectified)

d. Debtors A/c       Dr.                      800

       To Suspense A/c                                  800

(Being Debtor balance which was not included now rectified)

e. Purchase A/c      Dr.                      1000

        To Suspense A/c                                      1000

(Being Purchase book under cast by rs.1000/- error now rectified)