Page 215 - ISCDEBK-XI

Rectification of Errors 21.3
(iii) Furniture A/c ...Dr. 300
To Purchases A/c 300
(Being the purchase of furniture wrongly entered in
Purchases Book, now corrected)
(iv) Furniture A/c ...Dr. 375
To Wages A/c 375
(Being the wages paid to workmen for making showcases which should
be capitalised and not charged to the Wages Account)
(v) Suspense A/c ...Dr. 7
To Creditor’s A/c 7
(Being the mistake in crediting the Creditor’s Account less by ` 7,
now corrected)
(vi) P.C. Joshi ...Dr. 200
To Allowances A/c 200
(Being the cheque of P.C. Joshi dishonoured previously debited to the
Allowances Account)
(vii) Drawings A/c ...Dr. 1,000
To Miscellaneous Expenses A/c 1,000
(Being the motor cycle purchased for Mr. Dutt debited to his Drawings Account
instead of the Miscellaneous Expenses Account as previously done by mistake)
(viii) Returns Inward A/c ...Dr. 100
To Debtor’s A/c 100
(Being goods returned by a customer, now recorded)
(ix) Singhi & Co. ...Dr. 400
To Suspense A/c 400
(Being the correction of the mistake by which the amount of Singhi & Co.
was credited by ` 200 instead of being debited)
Dr. SUSPENSE ACCOUNT Cr.
Date Particulars ` Date Particulars `
2022 2022
March 31 To Difference in March 31 By Returns Inward A/c 100
Trial Balance 493 March 31 By Singhi & Co. 400
March 31 To Creditor’s A/c 7
500 500
Note: The entry already passed in the Cash Book on 4th April, 2022 will be reversed by entering on the credit
side of the Cash Book: “By D. Das (to reverse entry wrongly passed on 4th April) ` 100”.
Illustration 2.
Rectify the following errors by passing Journal entries:
(i) Preeti was paid cash ` 2,800 but Jyoti was debited by ` 2,000.
(ii) Tables and chairs purchased for ` 5,000 were debited to the Purchases Account.
(iii) Wages amounting to ` 7,000 for machinery erection were debited to the Wages Account.
(iv) Machinery written off by ` 1,000 has not been posted to the Depreciation Account.
(v) Goods purchased for ` 1,000 for the proprietor’s use were debited to the Purchases Account.
(vi) Goods purchased for ` 5,000 were posted as ` 500 to the Purchases Account.
(vii) Goods purchased for ` 200 were posted as ` 2,000 to the Purchases Account.
(viii) ` 1,000 received from Preeti was debited to her account.
(ix) Returns Inward Book for December was totalled short by ` 1,000.
(x) A Purchases return of ` 1,000 to Ranbir was not recorded.
(xi) A credit sale of old furniture to Mohan for ` 1,700 omitted to be posted.