Rectification of Errors Account - Rectification of Errors

₹ 1,500 received from Bahadur whose account was previously written off as bad-debt should be credited to:

Sale of typewriter that has been used in the office should be credited to:

A brief-case purchased for ₹ 800 for the son of a partner was debited to General Exp. A/c with ₹ 80. In the rectifying entry, Drawings A/c should be debited with:

Purchased goods from Gopal for ₹ 3,600 but was recorded in Gopal’s A/c as ₹ 6,300. In the rectifying entry, Gopal's A/c will be debited with:

Goods sold to Sethi for ₹ 640 was recorded in his account as ₹ 460. In the rectifying entry, Sethi’s A/c will be debited with:

If a cheque received from a customer is dishonoured, it will be debited to the Customer's Account.

Goods taken by the proprietor for domestic use will be credited to Drawings Account.

Suspense Account always shows debit balance.

Interest received from Mohan will be credited to Mohan's Account.

Goods given as charity should be credited to Purchase Account.

Give an exarnple of two sided error.

What is meant by rectifying entry?

What do you mean by Suspense Account?

Give an example of one sided error.

Rectify the following errors:

1. Credit sales to Mridula ₹ 5,000 were recorded as ₹ 500.
2. Credit purchases from Nayna ₹ 8,000 were recorded as ₹ 800.
3. Goods returned to Priya ₹ 12,000 were recorded as ₹ 1,200.
4. Goods returned from Rashi ₹ 10,000 were recorded as ₹ 1,000.

Complete the following Rectification Entries:

Fill up the missing information in the following rectifying entries:

Rectify the following errors by passing Journal entries:

1. Old furniture sold for ₹ 500 has been credited to Sales Account.
2. Machinery purchased on credit from Raman for ₹ 2,000 recorded through Purchases Book as ₹ 16,000.
3. Cash received from Rajat ₹ 5,000 was posted to the debit of Bhagat as ₹ 6,000.
4. Depreciation provided on machinery ₹ 3,000 was posted to Machinery Account as ₹ 300.

Rectify the following errors:

1. The Sales Book has been totalled ₹ 1,000 short.
2. Goods worth ₹ 1,500 returned by Green and Co. have not been recorded anywhere.
3. Goods purchased worth ₹ 2,500 have been posted to the debit of the supplier, Gupta and Co.
4. Furniture purchased from Gulab and Co. worth ₹ 10,000 has been entered in Purchases Day Book.
5. Cash received from A ₹ 2,500 has not been posted in his account.

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:

1. The total of returns inwards book has been cast ₹ 2,000 short.
2. The purchase of an office table costing ₹ 6,000 has been passed through the purchases day book.
3. A sum of ₹ 7,500 paid to workman for wages for making showcases has been charged to wages account.
4. A purchase of ₹ 1,340 has been posted to the creditor's account as ₹ 600.
5. 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.

Give rectifying journal entries for the following errors:

1. Sale of goods to Madan ₹ 6,000 were entered in the sales book as ₹ 600.
2. A credit purchase of ₹ 1,500 from Ajay has been wrongly passed through the sales book.
3. Repairs to building ₹ 300 were debited to building account.
4. ₹ 2,050 paid to Rohit is posted to the debit of Mohit's account as ₹ 5,020.
5. Purchase return book is overcast by ₹ 400.

Rectify the following errors by means of Journal entries:

1. A cheque of ₹ 5,000 received from Ashish was dishonoured and was debited to Discount Account.
2. Purchase of ₹ 540 from Ramneek was written in Sales day book, but was correctly posted to correct side of Ramneek’s Account.
3. Salary paid to Miss Yugakshi ₹ 1,000 was debited to her personal account as ₹ 900.
4. Furniture costing ₹ 500, purchased from Jyoti, was wrongly entered in Purchase book as ₹ 450.

The books of Ramesh did not agree. The difference of ₹ 12,700 in trial balance was placed to the debit of suspense account. Subsequently, the following errors were located. Pass journal entries to rectify the errors and prepare the suspense account:

1. The total of the purchases returns book, ₹ 2,100 has not been posted.
2. A sale of ₹ 4,300 to Ram has been credited to his account as ₹ 3,400.
3. A purchase from Suresh for ₹ 4,000 has been entered in the sales book. However, Suresh has been correctly credited with ₹ 4,000.
4. Old furniture sold on credit for ₹ 5,400 has been recorded in the sales account as ₹ 4,500.
5. Goods taken away by Ramesh, the proprietor for his personal use worth ₹ 750 has not been recorded in the books of accounts at all.

During the course of an accounting year, an Accountant found a difference in the tiral balance. He puts this difference in a newly opened suspense account. Subsequently, he located the following errors in his books of account:

1. Goods purchased from Shiv for ₹ 10,000, but entered in sales book.
2. Received a bill receivable for ₹ 18,000 from Ganesh, but recorded in bills payable book.
3. An item of ₹ 4,000 in respect of purchases returns, wrongly debited to purchases account.
4. An item of ₹ 2,000 relating to pre-paid salary account omitted to be brought forward.
5. Paid ₹ 1,000 on account of repair of furniture, but wrongly debited to furniture account.

Pass journal entries to rectify the above mentioned errors and prepare suspense account assuming that no error remained undetected.