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Question 16 Chapter 10 – Unimax Publications of Class 11
The Trial Balance of M/s Gupta and sons shows a difference of ₹ 52,200. To prepare the final A/c on 31st march 2023, this difference is placed in a suspense A/c. afterward the following errors were disclosed. Pass necessary entries to rectify them and show the suspense A/c.
(1) The total of purchases book had been under casted by ₹ 20,000.
(2) A cheque received from Vasudev for ₹ 7,800 had been debited in the cash book but not posted in Vasudev’s personal A/c.
(3) The return outward book had been admitted ted by ₹ 10,000.
(4) Goods returned by Yash Pal worth ₹ 15,000 have been entered in return outward book. However, Yash Pal’s A/c is correctly posted.
The solution of Question 16 Chapter 10 – Unimax Publications of Class 11
Journal
| Date | Particulars | L.F. | Debit | Credit | ||
| 1 | Purchases A/c | Dr. | 20,000 | |||
| To Suspense A/c | 20,000 | |||||
| (Being total purchases book undercast, now rectified) | ||||||
| 2 | Suspense A/c | Dr. | 7,800 | |||
| To Vasudev’ A/c | 7,800 | |||||
| (Being cheque received from Vasudev not posted to his a/c, now rectified) | ||||||
| 3 | Returns outward A/c | Dr. | 10,000 | |||
| To Suspense A/c | 10,000 | |||||
| (Being return outward book mitted ted, now rectified) | ||||||
| 4 | Return inward A/c | Dr. | 15,000 | |||
| Return outward A/c | Dr. | 15,000 | ||||
| To Suspense A/c | 30,000 | |||||
| (Being goods returned by Yash Pal entered in returns outwards book, now rectified) | ||||||
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