Question No 25 Chapter No 16 - USHA Publication 11 Class

Question No 25 Chapter No 16

Table of Contents

The solution of Question No 25 Chapter No 16:-

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

Recertification after the Preparation of Trail Balance but before Final Account

Single Account Errors

25. There were errors in the trial balance of Aanchal Arora on 31st December 2017and the different of Rs 15,800 in the book was carried to the credit of Suspense Account. On going through the books you find that
(i) 5,400 received from Rajiv Arora was posted to the debit of his account. (ii) 1,000 being purchase return was posted to the debit of Purchases Account.
(iii) Discount received 2,000 was posted to Discount Allowed Account.
(iv) 2,740 paid for Repairs to Motor Car was debited to Motor Car Account as 1,740.
(v) 4,000 paid to Sohail was debited to Salman. Give Journal Entries to rectify the above errors and show the Suspense Account.

The solution of Question No 25 Chapter No 16:-

Journal
Date	Particulars		L.F.	Debit	Credit

(i)	Suspense A/c	Dr.		10,800
	To Rajiv A/c				10,800
	(Being amount received from Rajiv being debited to his account instead of credit now corded.)

(ii)	Suspense A/c	Dr.		2,000
	To Purchases A/c				1,000
	To Purchase return A/c				1,000
	(Being purchase retune posted in purchase account now corded.)

(iii)	Suspense A/c	Dr.		4,000
	To Discount received A/c				2,000
	To Discount allowed A/c				2,000
	(Being discount received posted in discount allowed account now corded.)

(iv)	Suspense A/c	Dr.		2740
	To Motor Car A/c				1,740
	To Suspense A/c				1,000
	(Being acceptance unrecorded in the book now corrected )

(v)	R.S. Sanjai A/c	Dr.		4,000
	To S. Sanjai A/c				4,000
	(Being amount paid to R.S. Sanjai a debited to S. Sanjai now corded.)

Suspense A/c					Cr.
Particulars	J.F.	Amount	Particulars	J.F.	Amount
To Rajiv A/c		10,800
To Purchases A/c		1,000	By Car repair A/c		1,000
To Purchases return A/c		1,000
To Discount received A/c		2,000
To Discount allowed A/c		2,000
			By Balance c/d		15,800
		16,800			16,800