Question 33 Chapter 10 – Unimax Publications of Class 11

Question 33 Chapter 10 – Unimax Publications of Class 11

 33. Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.
(a) Credit sales to Mohan ₹ 7,000 were recorded in purchases book. However, Mohan’s account was correctly debited.
(b) Credit purchases from Rohan ₹ 9,000 were recorded in sales book. However Rohan’s account was correctly credited.
(c) Goods return to Rakesh ₹ 4,000 were recorded in sales return book. However, Rakesh’s account was correctly debited.
(d) Goods return from Mahesh ₹ 1,000 were recorded through purchases return book. However, Mahesh’s account was correctly credited.
(e) Goods returned to Naresh ₹ 2,000 were recorded through purchases book. However, Naresh’s account was correctly debited

The solution of Question 33 Chapter 10 – Unimax Publications of Class 11

 Journal

Date	Particulars			L.F.	Debit	Credit
a.	Suspense A/c	Dr			14,000
	To Purchases A/c					7,000
	To Sales A/c					7,000
	(Being goods sold on credit recorded wrongly in purchases book only, now rectified)
b.	Purchases A/c	Dr			9,000
	Sales A/c	Dr			9,000
	To Suspense A/c					18,000
	(Being credit purchases recorded wrongly in sales book only, now rectified)
c.	Suspense A/c	Dr			8,000
	To Purchases returns A/c					4,000
	To Sales returns A/c					4,000
	(Being purchases return to Rakesh wrongly posted to sales returns, now rectified)
d.	Purchases returns A/c	Dr			1,000
	Sales returns A/c	Dr			1,000
	To Suspense A/c					2,000
	(Being sales return from Mahesh posted wrongly in purchases returns book, now rectified)
e.	Suspense A/c	Dr			4,000
	To Purchases A/c					2,000
	To Purchases returns A/c					2,000
	(Being purchases returns from Naresh recorded through purchases book only, now rectified)

 

 

Dr.	Suspense A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
	To Purchases A/c		7,000		By Difference in trial balance		6,000
	To Sales A/c		7,000		To Purchases A/c		9,000
	To Purchases returns A/c		4,000		To Sales A/c		9,000
	To Sales returns A/c		4,000		To Sales returns A/c		1,000
	To Purchases A/c		2,000		To Purchases returns A/c		1,000
	To Purchases returns A/c		2,000
			26,000				26,000