The Total solution for NCERT class 6-12
Journal Recordings to rectify the errors
Date
Particulars
L.F
Debit Amount ₹
Credit Amount ₹
i.
Suspense A/c Dr.
2,000
To Ravish A/c
(Cash received from Ravish, Error rectification recording, was wrongly posted as ₹ 6,000 instead of ₹ 8,000)
ii.
1,000
To Return Inward A/c
(Returns inwards book was overcast by ₹ 1,000, Error rectification recording)
iii.
10,000
To Sales A/c
(Total of sales book, Error rectification recording, was not posted to sales account earlier)
iv.
Purchases A/c Dr.
7,000
Sales A/c Dr.
To Suspense A/c
(Credit purchases from Nanak, Error rectification recording, was recorded in sales book)
14,000
v.
To Purchases A/c
5,000
(Machinery purchased for ₹ 10,000, Error rectification recording, was posted to purchases account as ₹ 5,000)
Suspense Account
Dr.
Cr.
J.F.
Amount ₹
To Balance c/d
6,000
By Purchases A/c
By Sales A/c
To Return Inwards A/c
By Machinery A/c
Total
19,000
Hence, total ofsuspense account is ₹ 19,000