Question No 23 Chapter No 16

Question No 23 Chapter No 16

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

23. The Book-Keeper of Amritsar Fast Food Centre having failed to agree the Trial Balance transferred the excess of credit over the debit to Suspense Account. The difference was ?. 120. The following errors were subsequently discovered :
(a) A cheque of Rs 650 received from Amrit having been dishonoured was wrongly debite to Allowances Account.
(b) The discount colum of Cash Book representing discount allowed to customers for the month of December was over added by Rs 120.
(c) Sales Returns of Rs 200 from Babu Ram was omitted to be posted to his account.
(d) The credit side of Kunal’s account had been overcast by Rs 40.
(e) Cash sales Rs 800 has been recorded in the sales book.
(f) The total of Purchase Book was undercast by Rs 400.
(g) Purchase Returns Rs 1,000 to Meera was omitted from books.
Rectify the above errors and prepare a Suspense Account.


The solution of Question No 23 Chapter No 16:-

Date  Particulars
(a)Amit A/cDr. 650 
 To Allowance A/c   650
 (Being cheque dishonoured wrongly debited to allowance account now corded.)    
(b)Suspense A/cDr. 120 
 To Discount allowed A/c   120
 (Being discount overacted now corded.)    
(c)Suspense A/cDr. 200 
 To Babu Ram A/c   200
 (Being sale retune omitted from being posted in a personal account now corded.)    
(d)Kunal A/cDr. 40 
 To Suspense A/c   40
 (Being Kunal account being over cast now corrected )    
(e)Cash A/cDr. 800 
 To Suspense A/c   800
 (Being cash sale being treated as credit sale.)    
(f)Purchases A/cDr. 400 
 To Suspense A/c   400
 (Being purchases book over cash now corded.)    
(g)Meera A/cDr. 1,000 
 To Purchases return A/c   1,000
 (Being purchases retune omitted for Book now corded.)    


Suspense A/c
To Discount A/c 120By Kunal A/c 40
To babu Ram A/c 200By Purchase A/c 400
To Balance c/d 20   
  440  440



Error Rectification in accounting – Explanation with examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of all Chapters: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-