Question No 20 Chapter No 16 - USHA Publication 11 Class

Question No 20 Chapter No 16

Table of Contents

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

20.How would you rectify the following errors which are deducted in the book of G.Prakash

The purchases day book for November was overcast by RS 10. Also during December the total of one page Rs 5,394 was carried forward to the next page as Rs 5,934
In the sale ook for March, a sale of Rs 340to Bhatia was entered as Rs 430
Purchases Return Book was not posted for the month of December. The total was Rs 850
A sale return from Darbara Singh in October Rs 210 was entered in the sale nook
Cash received from M.Ray RS 300 was posted to the debit of N.Ray the cash book was correctly recorded
Purchases of an office typewriter for Rs 1,350 from R.Ltd. On credit was entered in the purchase day book
Annual whitewashing Rs 350 was debited to building an account

(i) If no suspense account is opened

Purchases account should be credited with Rs. 640.
Sales account should be debited with Rs 90
Bhatia’s account should be credited with Rs 90
Purchase return account should be credited with Rs 850
Sales account should be debited with Rs 210
Sales return account should be debited with Rs 210
Dutta’s account should be credited with Rs 420
M. Ray should be credited with Rs 300
N. Ray should be credited with Rs 300
Type write account should be debited with Rs 1,350
Purchases account should be credited with Rs 1,350
Repairs account should be debited with Rs 350
Building account should be credited with Rs 350

(ii) If a suspense account has been opened

Journal
Date	Particulars		L.F.	Debit	Credit

(a)	Suspense A/c	Dr.		640
	To Purchases A/c				640
	(Being overacting of purchase book corrected

(b)	Sale A/c	Dr.		90
	To Bhatia A/c				90
	(Being sale of RS 340 wrongly tarted as Rs 430)

(c)	Suspense A/c	Dr.		850
	To Purchase Retune A/c				850
	(Being retune outward book not posted now corrected .)

(d)	Sale A/c	Dr.		210
	Sale Return A/c	Dr.		210
	To Dutta A/c				420
	(Being sales retune wrongly treated as sale now corded.)

(e)	Suspense A/c	Dr.		600
	To M. Ray A/c				300
	To N. Ray A/c				300
	(Being cash received from M. Ray debited to N. Ray now corrected )

(f)	Typewriter A/c	Dr.		6000
	To Purchases A/c				6000
	(Being purchases of typewriter wrongly treated as purchases now corrected .)

(g)	Repair A/c	Dr.		350
	To Building A/c				350
	(Being white washing expenses wrongly debited to building account now corrected .)