Page 220 - ISCDEBK-XI

21.8 Double Entry Book Keeping—ISC XI
(vi) Mohan ...Dr. 5,000
Suspense A/c ...Dr. 600
To Sohan 5,600
(Being posting to wrong account with wrong amount, now rectified)
(vii) Mohan ...Dr. 5,000
Sohan ...Dr. 5,000
To Suspense A/c 10,000
(Being the wrong posting, now rectified)
(viii) Mohan ...Dr. 5,000
Sohan ...Dr. 50,000
To Suspense A/c 55,000
(Being posting to wrong Account on wrong side with wrong
amount, now rectified)
(ix) Sales A/c ...Dr. 5,000
To Machinery A/c 5,000
(Being sale of machine recorded as sale of goods, now rectified)
(x) Suspense A/c ...Dr. 10,000
To Sales A/c 5,000
To Purchases A/c 5,000
(Being a sale recorded as purchases, now rectified)
(xi) Sohan ...Dr. 5,000
Mohan ...Dr. 5,000
Suspense A/c ...Dr. 200
To Sales A/c 5,000
To Purchases A/c 5,200
(Being sale recorded as purchase with wrong amount and wrong posting
therefrom, now rectified)
(xii) Sales A/c ...Dr. 4,000
Drawings A/c ...Dr. 3,500
To John’s Capital A/c 4,000
To Purchases A/c 3,500
(Being the goods taken by the proprietor for his personal use recorded
in Sales Book, now rectified)

Illustration 6.
Rectify the following errors found in the books of R.K. Sharma. The Trial Balance had ` 1,860
excess credit. The difference has been posted to a Suspense Account.
(i) The total of Returns Inward Book has been cast ` 2,000 short.
(ii) The purchase of an office table costing ` 10,000 has been passed through the Purchases
Day Book.
(iii) ` 7,500 paid for wages to workman for making showcases had been charged to
Wages Account.
(iv) A purchase of ` 1,340 had been posted to the Creditor’s Account as ` 600.
(v) A cheque for ` 4,000 received from P.C. Jain had been dishonoured and was passed to
the debit of ‘Allowances Account’.
After rectification, reflect the transactions in the Suspense Account.