Pass journal entries to rectify the following errors. The trial b… - Vidyadip

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Pass journal entries to rectify the following errors. The trial balance had ₹ 1,260 excess credit. The difference has been posted to a suspense account:

The total of returns inwards book has been cast ₹ 2,000 short.
The purchase of an office table costing ₹ 6,000 has been passed through the purchases day book.
A sum of ₹ 7,500 paid to workman for wages for making showcases has been charged to wages account.
A purchase of ₹ 1,340 has been posted to the creditor's account as ₹ 600.
A cheque of ₹ 4,000 received from Y has been dishonoured; it has been posted to the debit of allowances account.

After passing journal entries, prepare the suspense account.

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Similar questions

Fill up the missing information in the following journal entries:

Rectify the following errors:-

A sale of goods to Raja Ram for ₹ 2,500 was passed through the Purchases Book.
Salary of ₹ 800 paid to Hari Babu was wrongly debited to his personal account.
Furniture purchased on credit from Mohan Singh for ₹ 1,000 was entered in the Purchases Book.
₹ 5,000 spent on the extension of buildings was debited to Buildings Repairs Account.
Goods returned by Mani Ram ₹ 1,200 were entered in the Returns Outwards Book.

Pass Journal Entries to rectify the following errors:
These errors are located after the preparation of Trial Balance.
i. ₹ 17,000 paid in cash for purchase of a Typewriter was charged to office expenses account.
ii. Credit sale to Abhishek ₹ 5,000 were posted to the Credit of his account.
iii. Cash sales ₹ 20,000 were posted to commission received Account ₹ 200 .
iv. Wages Paid for the construction of office ₹ 9,090 were debited to building Account.
v. Salary payable to Amar ₹ 12,000 was not recorded in the books.

Fill up the missing information in the plant Account given below, Depreciation was profided at 20% p.a. on the written down value method on this palnt.

Following transactions of Ramesh for April, 2019 are given below. Journalise them.

2019		₹
April 1	Ramesh started business with cash	1,00,000
April 2	Paid into bank	20,000
April 3	Bought goods for cash	50,000
April 4	Drew cash from bank for office use	10,000
April 13	Sold goods to Krishna	15,000
April 20	Bought goods from Shyam	22,500
April 22	Krishna returned goods	2,000
April 24	Received from Krishna	12,500
	Allowed him discount	500
April 28	Paid cash to Shyam	21,500
	Discount received	1,000
April 30	Cash sales for the month	80,000
April 30	Paid rent	5,000
April 30	Paid salary	10,000

Enter the following transactions in a petty cash book in analytical form. The book is kept on imprest system, amount of imprest being ₹ 5,000.

2016
April 3	Petty Cash in hand ₹ 420. Received cash to make-up the imprest
April 3	Bought stamps for ₹ 300
April 5	Paid for office cleaning ₹ 200 and repairs to furniture ₹ 250
April 7	Paid bus fare ₹ 440, railway fare ₹ 330, wages ₹ 200
April 8	Paid for charity ₹ 350
April 9	Bought shorthand note book for office ₹ 250, Carriage on parcels ₹ 280
April 10	Bought envelopes ₹ 450, served refreshment to customers ₹ 150
April 12	Paid for conveyance ₹ 300. Wages ₹ 200. Stapler pins ₹ 280
April 15	Gave tips to office peon ₹ 250

In the following Journal Proper, determine the missing information:

Raja Textiles Co. which closes its books on 31st March, purchased a machine on 1-4-2009 for ₹ 50,000. On 1-10-2010, it purchased an additional machine for ₹ 30,000. The part of the machine which was purchased on 1-4-2009 costing ₹ 10,000 was sold for ₹ 3,600 on 30th Sept., 2012. Prepare the Machine Account for four years, if the depreciation is provided at the rate of 10% p.a. on Diminishing Balance Method.

Record the following transactions in a cash book with cash and bank columns:

2017		(₹)
Jan. 1	Bank overdraft	12,000
Jan. 1	Cash in hand	2,300
Jan. 7	Cheque received from Ram ₹ 4,000 and discount allowed ₹ 200
Jan. 8	Deposited the above cheque into Bank	4,000
Jan. 12	Banked	200
Jan. 15	Received a money order from Gopal	500
Jan. 16	Money withdrawn from Bank for office use	300
Jan. 18	Bank Charges	20
Jan. 20	Interest on bank overdraft	1,000

What Journal entry will be passed in the books of drawer (X) and drawee (Y) at the time of dishonour of bill in the following cases:

If bill of ₹ 50,000 was discounted from bank and noting charges paid by the bank was ₹ 600.
If B/R of ₹ 50,000 was endorsed in favour of Z. Noting charges paid by Z ₹ 600.
If B/R is returned with drawer and noting charges were ₹ 600.