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Question -

Rectify the following errors:
(a) Sales book undercast by Rs 300.
(b) Purchases book undercast by Rs 400.
(c) Return Inwards book undercast by Rs 200.
(d) Return outwards book undercast by Rs 100.



Answer -

Journal Recordings to rectify the errors

 

Date

Particulars

L.F

Debit
Amount

Credit
Amount

i.

Suspense A/c Dr.

300

To Sales A/c

(Sales book is undercast by ₹ 300, Error rectification recording)

300

ii.

Purchases A/c Dr.

400

To Suspense A/c

(Purchases book is undercast by ₹ 400, Error rectification recording)

400

iii.

Return inwards A/c Dr.

200

To Suspense A/c

(Return inwards book is undercast by ₹ 200, Error rectification recording)

200

iv.

Suspense A/c Dr.

100

To Return outwards A/c

(Return outwards book is undercast by ₹ 200, Error rectification recording)

100

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