Qs1 Give journal
entries to rectify the following errors assuming that suspense account had been
opened.
(a) Goods distributed
as free sample Rs. 5,000 were not recorded in the books.
(b) Goods withdrawn
for personal use by the proprietor Rs. 2,000 were not recorded in the books.
(c) Bill receivable
received from a debtor Rs. 6,000 was not posted to his account.
(d) Total of Returns
inwards book Rs. 1,200 was posted to Returns outwards account.
(e) Discount allowed
to Reema Rs. 700 on receiving cash from her was recorded in the books as Rs. 70.
Qs.2 Trial balance of
Khatau did not agree. He put the difference to suspense account and discovered
the following errors :
(a) Credit sales to
Manas Rs. 16,000 were recorded in the purchases book as Rs. 10,000 and posted
to the debit of Manas as Rs. 1,000.
(b) Furniture
purchased from Noor Rs. 6,000 was recorded through purchases book as Rs. 5,000 and posted to the debit of Noor
Rs. 2,000.
(c) Goods returned to
Rai Rs. 3,000 recorded through the Sales book as Rs. 1,000.
(d) Old machinery
sold for Rs. 2,000 to Maneesh recorded through sales book as Rs. 1,800 and
posted to the credit of Manish as Rs. 1,200.
(e) Total of Returns
inwards book Rs. 2,800 posted to Purchase account.
Qs .3 Rectify the
above errors and prepare suspense account to ascertain the difference in trial
balance. Trial balance of John did not agree. He put the difference to suspense
account and discovered the following errors :
(a) In the sales book
for the month of January total of page 2 was carried forward to page 3 as Rs. 1,000 instead of Rs.
1200 and total of page 6 was carried forward to
page 7 as Rs. 5,600 instead of Rs. 5,000.
(b) Wages paid for installation of machinery
Rs. 500 was posted to wages account as Rs.
50.
(c) Machinery
purchased from R & Co. for Rs. 10,000 on credit was entered in Purchase Book as Rs. 6,000 and posted
there from to R & Co. as Rs. 1,000.
(d) Credit sales to
Mohan Rs. 5,000 were recorded in Purchases Book.
(e) Goods returned to
Ram Rs. 1,000 were recorded in Sales Book.
(f) Credit purchases
from S & Co. for Rs. 6,000 were recorded in sales book. However, S & Co. was correctly credited.
(g) Credit purchases
from M & Co. Rs. 6,000 were recorded in Sales Book as Rs. 2,000 and posted there from to the credit of M &
Co. as Rs. 1,000.
(h) Credit sales to
Raman Rs. 4,000 posted to the credit of Raghvan as Rs. 1,000.
(i) Bill receivable
for Rs. 1,600 from Noor was dishonoured and posted to debit of Allowances
account.
(j) Cash paid to Mani
Rs. 5,000 against our acceptance was debited to Manu.
(k) Old furniture
sold for Rs. 3,000 was posted to Sales account as Rs. 1,000.
(l) Depreciation
provided on furniture Rs. 800 was not posted.
(m) Material Rs.
10,000 and wages Rs. 3,000 were used for construction of building. No adjustment was made in the books.
Rectify the errors
and prepare suspense to ascertain the difference in trial balance.
Qs.4 Trial balance of Anant Ram did not agree. It
showed an excess credit of Rs. 16,000. He
put the difference to suspense account. Subsequently the following errors were located:
(i) Cash received
from Mohit Rs. 4,000 was posted to Mahesh as Rs. 1,000.
(ii) Cheque for Rs.
5,800 received from Arnav in full settlement of his account of Rs. 6,000, was
dishonoured. No entry was passed in the books on dishonour of the cheque.
(iii) Rs. 800
received from Khanna, whose account had previously been written off as bad, was credited to his account.
(iv) Credit sales to
Manav for Rs. 5,000 was recorded through the purchases book as Rs. 2,000.
(v) Purchases book
undercast by Rs. 1,000.
(vi) Repairs on
machinery Rs. 1,600 wrongly debited to Machinery account as Rs. 1,000.
(vii) Goods returned
by Nathu Rs. 3,000 were taken into stock. No entry was recorded in the books.
Qs.5 Trial balance of Rahul did not agree. Rahul
put the difference to suspense account. Subsequently,
he located the following errors :
(i) Wages paid for
installation of Machinery Rs. 600 was posted to wages account.
(ii) Repairs to
Machinery Rs. 400 debited to Machinery account.
(iii) Repairs paid
for the overhauling of second hand machinery purchased Rs. 1,000 was debited to Repairs account.
(iv) Own business
material Rs. 8,000 and wages Rs. 2,000 were used for construction of building. No adjustment was made in the
books.
(v) Furniture
purchased for Rs. 5,000 was posted to purchase account as Rs. 500.
(vi) Old machinery
sold to Karim at its book value of Rs. 2,000 was recorded through sales book.
(vii) Total of sales
returns book Rs. 3,000 was not posted to the ledger.
Rectify the above errors and prepare
suspense account to ascertain the original difference
in trial balance.
Qs. 6 Pass journal entry to rectify the
following errors :
1) Material from store Rs 5,000 and
Wages Rs 2,000 had been used in making tools
& equipments for use in on factory but no adjustment were made in the books.
2) Wages paid Rs 3,720 were recorded in
cash book as Rs 3,270.
3) A cheque for Rs 500 received from
Ashok was dishonoured and has been posted to the debit of sale return account.
4) Rs 10,000 paid to Gopal Furniture for
purchases for furniture as per their cash memo
were debited to furniture account.
5) Rs 710 the total of sale
return book has been posted to the credit of the purchase return book.
Qs. 7 Rectify the following errors
assuming that a suspense account was opened ascertain the difference in trial
balance
1)
Credit sale to Gopal Rs 10,000 were recorded in purchase book.
2)
Credit purchases from mayank Rs 15,000 were recorded in sale book however mayank account was correctly
credited .
3)
Goods returned to Khushi Rs 8,000 were recorded in sales return book
however Khushi account were correctly debited.
4)
Goods returned from chandni Rs. 12000 were recorded in purchase return
book.
5)
Goods returned from chandni Rs. 12000 were recorded in purchase return
book .However , chandni’s account was correctly.
