Account 6 Marks Question

A Book-keeper finds that the totals of his trial balance disagree by ₹ 2,800. He temporarily debits a Suspense Account with this amount and closes the books. On an examination of the books, the following errors are discovered:
i. The total of Purchase Return Book ₹ 710 was posted Twice.
ii. Goods costing ₹ 800 were distributed as free samples but no entry was passed in the books.
iii. Purchase of Machinery for ₹ 5,600 on credit was recorded in Purchase Book as ₹ 6,500.
iv. Cash Sales to Roshan Gupta for ₹ 1,200 were recorded in Cash Book as well as in Sales Book and were posted from both.
v. Closing Stock has been overvalued by ₹ 1,500 .
vi. Sales Return Book was untotalled, though personal accounts were posted ₹ 1,580 .
vii. No entries have been made in the Cash Book for the Insurance Premium directly paid by bank ₹ 700 and interest charged on overdraft ₹ 320 .
viii. A sum of ₹ 200 for Drawings on the Credit Side of Cash Book was not posted to the Drawings account.
Pass entries to rectify the above errors. Close the Suspense Account already opened.

Rectify the following errors identified in the books of Goel. The Trial Balance did not match, ₹ 14,930 being excess credit. The difference was placed in Suspense Account:
i. An amount of ₹ 100 was received from Das on 31st March, 2023 but was entered in the Cash Book on 4th April, 2023.
ii. Returns Inward Book for March was short casted by ₹ 1,000 .
iii. Purchase of an office table for ₹ 3,000 was passed through the Purchases Book.
iv. ₹ 3,750 paid for wages to workmen for making showcases was charged to the Wages Account.
v. Purchase of ₹ 670 was posted to Creditor's Account as ₹ 600 .
vi. A cheque for ₹ 200 received from Kuldeep was dishonoured and was debited to the 'Printing and Stationery Account'.
vii. ₹ 10,000 paid for purchase of a motorcycle was debited to 'Miscellaneous Expenses Account'.
iii. An amount of ₹ 10,000 owed by Danish was omitted from Sundry Debtors.
ix. Daman paid ₹ 6,700 but her account was wrongly credited with ₹ 10,700 .

Following transactions of Ramesh for April, 2018 are given below. Journalise them.

2018		Rs.
Apr 1	Ramesh started business with cash	1,00,000
Apr 2	Paid into bank	20,000
Apr 3	Bought goods for cash	50,000
Apr 4	Drew cash from bank for office use	10,000
Apr 13	Sold goods in Krishna on credit	15,000
Apr 20	Bought goods from Shyan on credit	22,500
Apr 24	Received from Krishna	12,500
	Allowed him discount	500
Apr 28	Paid cash to Shyam	21,500
	Discount received	1,000
Apr 28	Krishna returned goods	2,000
Apr 30	Cash sales for the month	80,000
Apr 30	Paid rent	5,000
Apr 30	Paid salary	10,000

Enter the following transactions in the Journal of Govind:

2023		₹
June-01	Govind invested capital in cash	1,00,000
June-3	Purchased goods from Harsh	10,000
June-5	Purchased goods for cash	8,000
June-8	Purchased goods from Manoj for cash	7,000
June-10	Sold goods to Kunal on credit.	2,000
June-12	Sold goods to Neeraj for cash	1,500
June-14	Goods returned by Kunal	500
June-16	Goods returned to Harsh	360
June-18	Machinery purchased from Sonu	8,000
June-19	Paid to Harsh on account	5,000
June-25	Cash withdrawn for Personal use	5,000
June-30	Old newspapers sold	200
June-30	Received loan from Manish and deposited in bank	50,000