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RECTIFICATION OF ERRORS

 

  1. One Sided Errors

Q.1    Rectify the following errors :

  • The purchases Bank of July was added shot by ` 60,000.
  • These sales Book of August was added short by ` 40,000.
  • The purchases return book (i.e. Return Outward Book) of September is added short by ` 50,000.
  • The Sales Return Book is (i.e. Return Inward Book) of October is added short by ` 25,000.
  • The Purchases Book of January is overcast by ` 35,000.
  • The Sales Book of February is overcast by ` 45,000.
  • The Return Outward Book is overcast by ` 65,000.
  • The Return Inward Book is overcast by ` 90,000.

Q.2

  • The Purchases Book Total of ` 60,000 was omitted to be posted.
  • The Sales Book total of ` 35,000 was omitted to be posted.
  • The Purchases Return Book total of ` 10,000 was omitted to be posted.
  • The sales Return Book total of ` 16,000 was omitted to be posted.

 

Q.3

  • The total of sales Book carried forward ` 26,000 less on page 7 and ` 32,000 more on page 12.
  • The total of Sales Return Book carried forward ` 10,000 more on page 13 and
    ` 1,000 less on page 16.
  • The total of Purchases Book Carried Forward ` 15,000 less and ` 25,000 more.
  • The total of Purchases Return Book carried forward ` 16,000 more and ` 12,000 less.

Q.4   

(i)       Goods purchased ` 25,000 have been posted to the debit o the supplier,          Dot and Co.

(ii)      Cash received from Anil ` 12,000 has not been posted in his accounts.

(iii)     Goods sold to Mohan for ` 550 was posted as ` 5,500.

(iv)     Goods Purchased for ` 5,000 were posted as ` 500 to the Purchases        Account.

(v)      An item of ` 6,000 relating to Prepaid Insurance  Account was omitted to be brought forward from the previous years goods.

(vi)     A sale of ` 15,000 to P.C. Mehta was wrongly credited to his Account.

 

Q.5   

(i)       Sales to B ` 40,000 posted to his account as ` 4,000.

(ii)      Sales to B ` 40,000 debited to his account as ` 4,000.

(iii)     Sales to B ` 40,000 credited to his account as ` 4,000.

(iv)     Purchase of ` 25,000 fro D.

(v)      Posted of ` 25,000 debited to his account as ` 2,500.

(vi)     Purchase of ` 25,000 credited to his account as ` 2,500.

 

  1. Two Sides Errors

Q.6   

(i)       Credit sale of ` 7,000 to Ram was recorded as ` 700.

(ii)      Credit sale of ` 7,000 to Shyam was recorded as ` 7,000.

(iii)     Credit Purchase of ` 50,000 from Rohit was recorded as ` 5,000.

(iv)     Credit Purchase of ` 5,000 from Neeraj was recorded is ` 50,000.

(v)      Credit sale of ` 1,800 to Mohan was recorded as sale oSohan.

(vi)     Credit sale of ` 6,500 to Vijay was recorded in the Purchases Book.

(vii)    Credit purchase of ` 8,500 from Naveen was recorded in the sales book.

(viii)   Credit sale of old machinery o Shahid for ` 40,000 was entered in the sales bank.

(ix)     Credit sale of old machinery to Rohn for ` 9,100 was entered in the Sales Book as ` 1,900.

(x)      Credit purchase of a machinery from Abhinav for ` 51,000 was recorded in the Purchases Book as ` 15,000.

Q.7   

(i)       Furniture Purchased on credit from Anupam for ` 30,000 recorded as
`30,000.

(ii)      Furniture Purchased on credit from M/s Furniture Mart was posted to M/s Furniture Point.

(iii)     Furniture Purchased on credit from Rohan for ` 60,000 posted to Machinery Account.

(iv)     Credit sale of ` 25,000 to Krishan was posted to Kishan’s Account.

(v)      Paid wages for the construction of office building to wages Account
` 30000.

(vi)     Paid cartage for the newly purchased furniture ` 600, posted to cartage account.

(vii)    Paid ` 2,000 for a Table Fan Posted.

 

Q.8   

(i)       Credit sale of ` 50,000 to Rohan omitted to be recorded in the book.

(ii)      Goods (Cost ` 10,000, sale price ` 12,000) taken by properties were not recorded anywhere.

(iii)     Goods of ` 35,000 were returned by Shyam and were taken into stock on the same date but no entry was passed in the books.

(iv)     Credit sale of old machinery for ` 6,000 omitted to be posted.

(v)      Goods sold to Harish were omitted amounting to ` 13,000 were omitted from the accounts although cash received subsequently from him stands posted to his credit.

(vi)     ` 10,000 paid for furniture purchased has been charged to the purchases account.

(vii)    An amount of ` 15,000 withdrawn by the proprietor for his personal use has been debited to the Trade Expenses Account.

(viii)   ` 16,000 paid for rent debited to the Landlord’s Account.

(ix)     ` 32,000 paid for computer was debited to office Expenses Account.

(x)      ` 3,000 received from Malhotra and has been wrongly posted to Mehrotra& Co.

Q.9   

(i)       An amount of ` 15,000 due from Somesh Chand, which had been written off as a bad debt in previous year was unexpectedly recovered and has been posted to the Account of Somesh Chand.

(ii)      Return of goods of ` 5,000 by Sohanwas entered in the Purchases Return Book.

(iii)     Return of goods of ` 8,500 to Sunil was passed through the Sales Return Book.

(iv)     Acquisition charges on purchase of new building amounting to ` 50,000 were debited to the Sundry Expenses Account.

(v)      ` 15,000 outstanding telephone charges were completely omitted.

(vi)     Material from stores amounting ` 30,000 and wages ` 15,000 (out of total wages).

(vii)    Wages paid to workman for making additions to machinery amounting to
` 85,000 were debited to wages Account.

  1. Miscellaneous Questions

Q.10 

(i)       Cash received from X ` 25,000 has not been posted in his account.

(ii)      A sale of ` 25,000 made to Mohan was correctly entered in the Sales Book but wrongly posted to the debit of Sohan as ` 2,600.

(iii)     Sumit was paid cash ` 28,000 but Sunil was debited with ` 20,000.

(iv)     Machinery written off by ` 50,000 has not been posted to the Depreciation Account.

(v)      ` 45,000 received from Prithviwas debited to his account.

(vi)     Credit sale of ` 12,000 has been credited to the Sales Account and also to the Sundry Debtors Account.

(vii)    An item of wages paid ` 6,000 correctly entered in the cash book posted as
` 8,000 in the ledger account.

 

Preparation of Suspense Account

Q.11  A book-keeper failed to balance his trial balance, the credit side exceeding the debit side by ` 26,200. The amount was entered in a suspense account. Later on the following errors were discovered. Give journal entries to rectify these errors and prepare a suspense account.

(i)       Goods amounting to ` 6,200 sold to KP and Co. were correctly. Entered in the Sales Book, but posted to KP & Co. Account as ` 2,600.

(ii)      Salary paid ` 30,000 to Surender correctly entered in cash book but posted to Surender’s Account as ` 3,000.

(iii)     Goods worth ` 4,000 were  purchased from ABC & Co. but it was recorded in the Sales Book. The account of ABC & Co. was however credited with ` 4,000.

(iv)     Sales book was undercast by ` 9,000.

(v)      The total of credit side of Ramesh’s Account was overcast by ` 600.

 

Q.12  A book-keeper finds that his trial balance is out by excess credit by ` 3,430 on examination, the following errors were discovered.

(i)       The total of ` 710  was posted twice.

(ii)      Purchase of furniture on credit ` 4,600 was recorded in purchases Bok as
` 5,500.

(iii)     Cash sale to Manohar for ` 1,200 was recorded in Cash Book as well as Sales Book and were posted from both.

(iv)     Closing stock has been overvalued by ` 1,500.

(v)      No entries have been made in the Cash Bok for Telephone bill directly paid by book ` 620 and bank charges ` 400.

(vi)     A sum of ` 200 for postage on the credit side of cash book was not posted to postage account.

Rectify the above errors and prepare Suspense Account.

 

Q.13  Rectify the following errors found in the books of M/s XYZ. Trial Balance had
` 9,930 excess credit. The difference has been posted to a Suspense Account.

(i)       The total of Purchases Book has been cast` 10,000 short.

(ii)      The purchase of Furniture Costing ` 25,000 has been passed through the Purchases Book.

(iii)     ` 15,000 paid for wages to workmen for making show cases had been charged to the Wages Account.

(iv)     A purchases of ` 1,070 had been posted to the creditors account as ` 1,000.

(v)      A cheque of ` 15,000 received from M/s Gupta had been dishonoured and passed to the debit of the Allowance Account.

After rectification reflect the transactions in the suspense account.

Q.14  Rectify the following errors found in the books of Mr. Rohit. The trial balance showed _________________ as debit excess. The difference has been posted to the suspense account.

(i)       Total of debit side of salary account has been cost in excess of ` 150.

(ii)      Purchases Return Account has been totaled short by ` 250.

(iii)     One item of purchase of ` 4,600 has been posted from the purchases book to the ledger as ` 4,925.

(iv)     Sales return of ` 200 from a debtor has not been posted to Sales Return Account, though the debtor’s Account has been credited.

(v)      A cheque of ` 600 issued to a creditor towards his dues has been debited to the purchases account.

(vi)     Credit sale of ` 100 has been credited to the sales and also to the Sundry Debtors Account.

Pass the Journal entries and prepare a Suspense Account.

 

Q.15  Intaking out a Trial Balance a book keeper finds that the debit exceeds by ` 410. Being desirous of closing his books he planes the difference to a newly opened suspense account. After recording the difference in the suspense account, he discovers that :

(i)       A sum of ` 830 received from X was posted to his debit side as ` 380.

(ii)      ` 620 written off as depreciation of machinery has not been posted to depreciation account.

(iii)     Purchased goods for ` 25,000 for employees but the same was debited to Purchases Account. The employees were paid their salaries after deduction of this amount and the net amount paid was posted to Salaries Account.

(iv)     A discount of ` 3,600 allowed to a customer has been credited to his account as ` 3,500.

(v)      The total of the purchases bas been added` 100 shorts.

(vi)     An item of ` 680 for sale was posted as ` 860 in the sales account.

Pass the Journal entries for rectification of the above and show the suspense account.

Q.16  Rectify the following errors found in the books of M/s Sulekha Enterprises. The trial balance was out by ` 4,830 being excess credit. The difference has been posted to the Suspense Account.

(i)       An amount of ` 6,000 was received from N.M. Joshi on 31st March 2014 but had been entered in the cash book on 6th April 2014.

(ii)      Total of purchases book had been cost` 1,000 short.

(iii)     Purchase of a machinery ` 5,00,000 had been passed through the purchases book.

(iv)     ` 60,00 paid for wages to workmen for making furniture had been passed through the purchases book.

(v)      A purchase of ` 1,570 had been posted to the supplier’s account as ` 1,500.

(vi)     Acheque for ` 21,000 received from R.C. Jain had ben dishonoured and was debited to purchases account.

(vii)    ` 5,00,000 paid for the purchase of car for the owner had been charged to the vehicle account.

(viii)   Goods amounting to ` 10,000 had been returned by a customer and were taken into stock but no entry in respected thereof was made in the books.

(ix)     A sale of ` 2,000 to Ashoka& Co. was wrongly credited to their account.

 

Some Other Practices Questions

Q.17 

(i)       A sum of ` 15,000 owed by Sunil enterprises have been included in the list of creditors.

(ii)      A bill of ` 12,000 received from Punit for repairs of machinery were entered in the purchases book as ` 9,000.

(iii)     Cash paid to Anil Kumar ` 2,300 were wrongly credited to Ashok Kumar as
` 3,200.

(iv)     Closing stock was undervalued by ` 15,000.

(v)      Cash paid to Manoj` 30,000 against our acceptance was debited to Manish.

(vi)     Interest on investment collected by bank ` 6,500.

(vii)    ` 16,000 by an employee stood debited to suspense account.

(viii)   A cash sale of ` 17,000 was recorded as ` 71,000.

(ix)     A discounted bill receivable received from Rama Verma for ` 50,000 dishonored have been debited to Bills Receivable Account.

(x)      Cash paid to Somesh against our acceptance was debited to Sumit’s Account.

Q.18 

(i)       A credit sale to Roshita` 2,50,000 credited as ` 5,20,000.

(ii)      Sale of ` 20,000 in the sales book.

(iii)     Sale of ` 20,000 to Mahesh was recorded as ` 2,00,000 in the Purchases book.

(iv)     ` 21,000 owed to Z has been included in the list of Sundry Debtors.

(v)      Bill for ` 15,000 for repairs to machinery was entered in the purchases book as
` 51,000.

(vi)     Sales of ` 10,000 to Rohan debited to his account as ` 12,000 and purchases of
` 8,000 from Rohit credited to his account as ` 10,000.

(vii)    ` 16,000 by an employee stood debited to suspense account.

(viii)   A cash sale of ` 17,000 was recorded as ` 71,000.

(ix)     A discounted bill receivable received from Rama Verma for ` 50,000 dishonored have been debited to Bills Receivable Account.

(x)      Cash paid to Somesh against our acceptance was debited to Sumit’s Account.

 

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