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Question No 18 Chapter No 16 - USHA Publication 11 Class

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Question No 18 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

18. The undermentioned errors are located inn the book of premier company after the preparation of trial balance

Purchases book was undercast by Rs 6,100
Return inward book was overcast by Rs 4,000
Goods sold to Harmit Singh for Rs 200 not posted to his account
Discount received Rs 20 from Jaggi was not posted to his account
Total old debit side of furniture was undercast by Rs 1,400
Income tax Rs 7,000 paid by the sole proprietor was correctly recorded in cash book but not posted accordingly
Pass rectification entries for the above errors

The solution of Question No 18 Chapter No 16:-

Journal

Date	Particulars		Debit	Credit

(a)	Purchases A/c	Dr.	6,100
	To Suspens A/c			6,100
	(Being purchase book undercast now corrected.)

(b)	Suspense A/c	Dr.	4,000
	To Return inward A/c			4,000
	(Being return inward book overcast now corrected.)

(c)	Harmit Singh A/c	Dr.	200
	To Suspense A/c			200
	(Being sale not posted to Harmit account.)

(d)	Jaggi A/c	Dr.	20
	To Suspense A/c			20
	(Being discount received not posted , now posted.)

(e)	Furniture A/c	Dr.	1,400
	To Suspense A/c			1,400
	(Being furniture account undercast now corrected.)

(f)	Drawing A/c	Dr.	7,000
	To Suspense A/c			7,000
	(Being income tax paid not posted)