Chapter 6: Trial Balance and Rectification of Errors

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Mohan A/c Dr.

    To Suspense A/c

(being credit sales to Mohan are not posted, which has now been corrected)

7000

7000

Suspense A/c Dr.

   To Rohan A/c

(Credit purchases from Rohan were not posted; this has now been corrected).

9000

9000

Rakesh A/c Dr.

  To suspense A/c

(being goods returned to Rakesh are not posted, which has now been corrected).

4000

4000

Suspense A/c Dr.

    To Mahesh A/c

(Because goods returned from Mahesh were not posted, this has now been corrected).

1000

1000

Ganesh A/c Dr.

  To suspense A/c

(Cash paid to Ganesh was not posted; this has now been corrected).

3000

3000

Suspense A/c Dr.

  To Sales A/c

Because cash sales are not recorded, this has been corrected).

2000

2000

Suspense A/c

Date

Particulars

J.F.

Amount

Date

Particulars

J.F. 

Amount

To Rohan’s A/c

9000

By Mohan’s A/c

7000

To Mahesh’s A/c

1000

By Rakesh’s A/c

4000

To Sales A/c

2000

By Ganesh’s A/c

3000

To Balance c/d

2000

Total

14000

Total

14000

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Suspense A/c Dr.

    To Mohan’s A/c

(being credit sales to Mohan, and the transaction is recorded as Rs. 9000 rather than Rs. 7000, which has now been corrected)

2000

2000

Suspense A/c Dr.

    To Rohan A/c

(Being a credit purchase from Rohan, the amount is recorded as Rs. 6000 rather than Rs. 9000, which has now been corrected).

3000

3000

Suspense A/c Dr.

  To Rakesh A/c

(being goods returned to Rakesh recorded as Rs. 5000 rather than Rs. 4000, now corrected).

1000

1000

Mahesh’s A/c Dr.

       To Suspense A/c

(Mahesh's goods return was recorded as Rs. 3000 instead of Rs. 1000, which is now being corrected).

2000

2000

Suspense A/c Dr.

  To sales A/c

 (Cash sales were recorded as Rs. 200 rather than Rs. 2000, which has now been corrected.)

1800

1800

Suspense A/c

Date

Particulars

J.F.

Amount

Date

Particulars

J.F.

Amount

To Mohan’s A/c

2000

By Mahesh’s A/c

2000

To Rakesh A/c

1000

By Balance c/d5

5800

To Rohan’s A/c

3000

To Sales A/c

1800

Total

7800

Total

7800

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Mohan A/c Dr.

    To Karan A/c

(Credit sales to Mohan were incorrectly posted to Karan, which has now been corrected)

7000

7000

Gobind A/c Dr.

   To Rohan A/c

(credit purchases from Rohan were incorrectly posted to Gobind, which has now been corrected)

9000

9000

Rakesh A/c Dr.

  To Naresh A/c

(Being goods returned to Rakesh, they were posted to Naresh, which has now been corrected).

4000

4000

Manish A/c Dr.

    To Mahesh A/c

(The goods returned by Mahesh are now delivered to Manish, which has been corrected).

1000

1000

Commission A/c Dr.

  To Sales A/c

(Because cash sales are posted to the commission account, this has now been corrected)

2000

2000

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Mohan A/c Dr.

    To Suspense A/c

 (Credit sales to Mohan are posted to his account, which has now been corrected)

14000

14000

Suspense A/c Dr.

   To Rohan A/c

(being purchased from Rohan for Rs.9000 and posted to the debit of his account for Rs.6000, which has now been corrected).

15000

15000

Rakesh A/c Dr.

  To Suspense A/c

(Rakesh's goods are returned and posted to his account, which has now been corrected).

8000

8000

Suspense A/c Dr.

     To Mahesh A/c

(Mahesh's goods return of Rs.1000 is posted to the debit of his account of Rs.2000, which has now been corrected).

3000

3000

Suspense A/c Dr.

  To Sales A/c

(being cash sales of Rs.2000 are posted to the debit of sales account of Rs.5000, which has now been corrected)

7000

7000

Suspense A/c

Date

Particulars

J.F.

Amount

Date

Particulars

J.F.

Amount

To Rohan’s A/c

15000

By Mohan’s A/c

14000

To Mahesh A/c

3000

By Rakesh’s c/d

8000

To Sale’s A/c

7000

By Balance c/d

3000

Total

25000

Total

25000

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Mohan A/c Dr.

    To Karan A/c

   To suspense A/c

(Credit sales to Mohan of Rs.7000 are posted to Karan of Rs.5000, which has now been corrected)

7000

5000

2000

Suspense A/c Dr.

    To Rohan A/c

   To Gobind A/c

(Credit purchase from Rohan of Rs.9000 was posted to Gobind of Rs.10000, which has now been corrected).

19000

9000

10000

Rakesh A/c Dr.

 Naresh A/c Dr.

  To suspense A/c

(Goods returned to Rakesh for Rs.4000 are posted to Naresh for Rs.3000, which has now been corrected).

4000

3000

7000

Suspense A/c Dr.

    To Mahesh A/c

     To Manish A/c

(Mahesh's goods return of Rs.1000 was posted to Manish's account of Rs.2000, which has now been corrected).

3000

1000

2000

Commission A/c Dr.

Suspense A/c Dr.  

 To Sales A/c

(Cash sales of Rs. 2,000 are posted to the commission account of Rs. 2,000, which has now been corrected)

200

1800

2000

Suspense A/c

Date

Particulars

J.F.

Amount

Date

Particulars

J.F.

Amount

To Rohan’s A/c

9000

By Mohan’s A/c

2000

To Mahesh’s A/c

1000

By Rakesh’s A/c

4000

To Sale’s A/c

1800

By Naresh’s A/c 

3000

To Gobind’s A/c

10000

By Balance c/d

14800

To Manish’s A/c

2000

Total

23800

Total

23800

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Suspense A/c Dr.

    To Sales A/c

   To Purchase A/c

(Credit sales to Mohan are recorded in the purchase book, which has now been corrected)

14000

7000

7000

Sales A/c Dr.

Purchase A/c Dr.

 To suspense A/c

(Credit purchases from Rohan are recorded in the sales book, which has now been corrected).

9000

9000

18000

Suspense A/c Dr.

  To Sales return A/c

   To Purchase A/c

(Goods returned to Rakesh are recorded in the sales return book, which has now been corrected).

8000

4000

4000

Sales return A/c Dr.

Purchase return A/c Dr.

  To suspense A/c

(Mahesh's goods were returned and recorded in the purchase return book, which has now been corrected).

1000

1000

2000

Suspense A/c Dr.

 To Purchase return A/c 

 To Purchase A/c

(Goods returned from Naresh are recorded in the purchase book, which has now been corrected.)

4000

2000

2000

Suspense A/c

Date

Particulars

J.F.

Amount

Date

Particulars

J.F.

Amount

To Sale’s A/c

7000

By Purchase A/c

9000

To Purchases A/c

7000

By Sales A/c

9000

To Purchases return A/c

4000

By Sales return A/c 

1000

To Sales return A/c

4000

By Purchase return A/c

1000

To Purchases return A/c

2000

By Balance c/d

6000

To purchases A/c

2000

Total

26000

Total

26000

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Furniture A/c Dr.

    To Purchase A/c

 (Credit sales to Mohan are recorded in the purchase book, which has now been corrected.)

10000

10000

Machinery A/c Dr.

   To Purchase A/c

(Credit purchases from Rohan are recorded in the sales book, which has now been corrected).

20000

20000

Repairs on machinery A/c Dr.

  To machinery A/c

(Goods returned to Rakesh are recorded in the sales return book, which has now been corrected).

1400

1400

Machinery A/c Dr.

     To Repairs A/c

(Mahesh's goods were returned and recorded in the purchase return book, which has now been corrected).

2000

2000

Sales A/c Dr.

  To Machinery A/c

(Goods returned from Naresh are recorded in the purchase book, which has now been corrected)

3000

3000

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Furniture A/c Dr.

    To Purchase A/c

   To suspense A/c

(Furniture purchased for Rs. 10,000 was incorrectly debited to the purchases account as Rs.4,000, which has now been corrected)

10000

4000

6000

Machinery A/c Dr.

 To Purchase A/c

 To Raman A/c

(Machinery purchased on credit from Raman for Rs. 20,000 was recorded in the purchases book as Rs. 6,000, which has now been corrected).

20000

6000

14000

Repairs A/c Dr.

Suspense A/c

   To machinery A/c

(being Repairs on machinery of Rs. 1,400 were debited to the machinery account as Rs. 2,400, which has now been corrected).

1400

1000

2400

Machinery A/c Dr.

To Repairs A/c Dr.

  To suspense A/c

(being Repairs on overhauling of used machinery purchased, the Repairs account was incorrectly debited with Rs. 200 instead of crediting the machinery account with Rs. 2,000, which has now been corrected).

2000

200

1800

Sales A/c Dr.

 To Machinery A/c 

 To Suspense A/c

(being the sale of old machinery on book value was credited to the sales account rather than the machinery account, which has now been corrected.)

5000

3000

2000

Suspense A/c

Date

Particulars

J.F.

Amount

Date

Particulars

J.F.

Amount

To Machinery A/c

1000

By Furniture A/c

6000

To Balance c/d

8800

By Machinery A/c

1800

By Sales A/c 

2000

Total

9800

Total

9800

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Depreciation A/c Dr.

    To Machinery A/c

 (Credit sales to Mohan are recorded in the purchase book, which has now been corrected.)

4000

4000

Bad debts A/c Dr.

   To Debtors A/c

(Credit purchases from Rohan are recorded in the sales book, which has now been corrected).

5000

5000

Discount allowed A/c Dr.

  To Debtors A/c

(Goods returned to Rakesh are recorded in the sales return book, which has now been corrected).

100

100

Discount allowed A/c Dr.

     To Suspense A/c

(Mahesh's goods were returned and recorded in the purchase return book, which has now been corrected).

100

100

Bills Receivable A/c Dr.

  To Debtors A/c

(Goods returned from Naresh are recorded in the purchase book, which has now been corrected)

2000

7000

Journal Entries for Rectification of Errors

Date

Particular

L.F

Debit Amount

Credit Amount

Depreciation A/c Dr.

    To Machinery A/c

 (Error rectification recording was incorrectly posted as Rs. 400 instead of Rs. 4,000 due to depreciation provided on machinery)

3600

3600

Debtors A/c Dr.

   To bad debts A/c

(Error rectification recording was posted as Rs. 6,000 instead of Rs. 5,000 due to bad debts being written off).

1000

1000

Discount allowed A/c Dr.

  To Debtors A/c

(Error rectification recording, Discount allowed to debtors, was incorrectly posted as Rs. 60 instead of Rs. 100).

40

40

Drawings A/c Dr.

     To purchase A/c

(Error rectification recording, goods withdrawn by proprietor for personal use, was incorrectly posted as Rs. 300 instead of Rs. 800).

500

500

Debtor A/c Dr.

  To Purchases A/c

(Bills receivable from debtors, Error rectification recording, was incorrectly recorded as Rs. 3,000 rather than Rs. 2,000).

1000

1000