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.
800
To Sales Return A/c
(Sales return, Error rectification recording, Sales return book was overcast by ₹ 800)
ii.
Sahu’s A/c Dr.
2,000
To Purchases Return A/c
(Purchases return to Sahu, Error rectification recording, was not recorded earlier)
iii.
Purchases A/c Dr.
4,000
To Narula’s A/c
(Goods purchased on credit from Narula, Error rectification recording, was not recorded earlier)
iv.
Machinery A/c Dr.
500
To Sundry Expenses A/c
50
To Suspense A/c
(Installation charges on new machinery purchased, Error rectification recording, Earlier Sundry expenses account was debited with ₹ 50 instead of crediting the machinery account with ₹ 500)
450
v.
Drawings A/c Dr.
1,400
To Rent A/c
1,000
(Drawings by the proprietor for paying the personal rent, Error rectification recording, Earlier Rent account was debited with ₹ 1,000 instead of debiting the drawings account with ₹ 1,400)
400
Suspense Account
Dr.
Cr.
J.F.
Amount ₹
By Machinery A/c
To Balance c/d
By Drawings A/c
Total
850
The credit balance is₹50 as per the question.
As per textbook theanswer is ₹2050, therefore the entry (b) is added to suspense account and theresulting amount is ₹2050.