1. Rectify the following errors: (i) Credit sales to Mridula ₹5,000 were not recorded. (ii) Credit purchases from Nayna ₹8,000 were not recorded. (iii) Goods returned to Priya ₹12,000 were not recorded. (iv) Goods returned from Rashi ₹10,000 were not recorded.   D.K.Goel/2024 Edition/Practical Questions/Q-01 For full question, please refer...

2. Rectify the following errors: (i) Credit sales to Mridula ₹5,000 were recorded as ₹500. (ii) Credit purchases from Nayna ₹8,000 were recorded as ₹800. (iii) Goods returned to Priya ₹12,000 were recorded as ₹1,200. (iv) Goods returned from Rashi ₹10,000 were recorded as ₹1,000. D.K.Goel/2024 Edition/Practical Questions/Q-02 For full...

3. Rectify the following errors (i) Credit sales to Mridula ₹5,000 were recorded as ₹5,400. (ii) Credit purchases from Nayna ₹8,000 were recorded as ₹8,800. (iii) Goods returned to Priya ₹12,000 were recorded as ₹12,200.  (iv) Goods returned from Rashi ₹10,000 were recorded as ₹11,000. D.K.Goel/2024 Edition/Practical Questions/Q-03 For full...

4. Give rectifying entries for the following: (i) A credit sales of goods to Ram ₹2,500 has been wrongly passed through the ‘Purchases Book’. (ii) A credit purchase of goods from Shyam amounting to ₹1,000 has been wrongly passed through the ‘Sales Book’. (iii) A return of goods worth ₹1,100...

5. Rectify the following errors (i) Goods for ₹5,500 were purchased from Modern Traders on credit, but no entry has yet been passed. (ii) Purchase Return for ₹1,500 not recorded in the books. (iii) Goods for ₹2,000 sold to Geeta Traders’ on Credit were entered in the sales book as...

6. Rectify the following errors: (i) Sold old furniture to A for ₹11,500 was passed through the Sales Book. (ii) Credit purchases of ₹12,000 from Ojas omitted to be recorded in the books. (iii) Repairs made were debited to Building Account ₹7,000. (iv) Credit sale of ₹1,800 to Avikan was...

7. Give Journal Entries to rectify the following errors: Goods purchased from Ajay for ₹2,600 were recorded in Sales Book by mistake. Goods for ₹4,400 sold to Surendra was passed through Purchase Book. A customer returned goods worth ₹1,000. It was recorded in Purchase Return Book’. A credit sale of...

8. 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...

9. Rectify the following errors: (a) Furniture purchased for ₹10,000 wrongly debited to Purchases Account. (b) Machinery purchased on credit from Raman for ₹20,000 was recorded through Purchases Book. (c) Repairs on machinery ₹1,400 debited to Machinery Account. (d) Repairs on overhauling of second-hand machinery purchased ₹2,000 was debited to...

10. Pass Journal Entries to rectify the following errors: (1) Machinery purchased for ₹5,000 has been debited to Purchases A/c. (2) ₹700 paid to Sh. Mohan Kapoor as Legal Charges were debited to his personal account. (3) ₹10,000 paid to Escorts Company for Machinery purchased stand debited to Escorts Company...

11. Rectify the following errors: ₹4,500 spent on the extension of Buildings were debited to Repairs A/c. Wages paid to the firm’s own workmen ₹3,600 for the installation of a new machinery were posted to Wages Account. Contractor’s bill for the construction of a godown at a cost of ₹10,000...

12. Pass rectifying entries: (i) ₹5,000 being the cost of a Radio purchased for the personal use of the proprietor has been debited to Radio account in the ledger. (ii) Goods taken by the proprietor for ₹1,000, has not been entered in the books at all. (iii) A cheque of...

13. Rectify the following errors which were detected before preparing the Trial Balance: (i) Purchase book has been overcast by ₹1,000. (ii) Purchase from Ram ₹20,000 has been omitted to be posted to his account.  (iii) Purchase from Shyam ₹15,000 has been posted to the debit side of his account....

14. Rectify the following errors assuming: (i) The total of Sales Book carried forward ₹5,000 less.  (ii) A credit sale to Sita ₹6,300 posted as ₹3,600.  (iii) A credit sale to Radha ₹2,400 posted as ₹4,200. (iv) A credit sale to Parbati ₹3,000 credited to her account. (v) A credit...

15. Rectify the following errors which were detected before preparing the Trial Balance: (A) that no suspense account has been opened with difference in the trial balance, (B) that such a suspense account has been opened. Goods costing ₹800 purchased from Sachin on credit were omitted to be credited to...

16. Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance. (a) Credit sales to Mohan ₹7,000 were recorded in Purchase Book. However, Mohan’s Account was correctly debited. (b) Credit purchases from Rohan ₹9,000 were recorded in Sales Book. However, Rohan’s Account was correctly...

17. There was a difference of ₹430 in a Trial Balance. It was placed on the Debit side of a Suspense A/c. Later on the following errors were discovered. Pass rectifying entries and prepare Suspense A/c. Purchases book was overcast by ₹100. Sales book was overcast by ₹1,000. Goods for...

18. In taking out the Trial Balance, book-keeper finds that he is out ₹3,809 excess debit. Being desirous of closing his books he places the difference to a newly opened Suspense A/c which is carried forward. In the next period he discovered that: ₹17,715 received from X has not been...

19. A Book-keeper failed to balance his trial balance, the credit side exceeding the debit side by ₹175. This amount was entered in a Suspense Account. Later on the under mentioned errors were discovered: Goods amounting to ₹620 sold to D & Co. were correctly entered in the Sales book,...

20. The Trial Balance prepared by a Book-keeper showed a difference of ₹1,006 which was placed in a newly opened Suspense Account and carried forward to the next year, when the following errors were discovered: (i) Goods purchased for ₹99 had been posted to the credit of the supplier as...

21. A book-keeper finds that the debit side of the trial balance is short of ₹308 and so for the time being, he balances the side by putting the difference to suspense account. Subsequently, the following errors were disclosed: (a) An entry for sale of goods for ₹102 to Madhav...

22. The accountant of X prepared the Trial Balance at the end of the year on 31st March, 2023. But there was a difference and the accountant put the difference in a Suspense Account. Rectify the following errors found and prepare the Suspense Account: (a) The total of the returns...

23. Trial Balance of Anuj did not agree. It showed an excess credit of ₹6,000. He put the difference to Suspense Account. He discovered the following errors. (a) Cash received from Ravish ₹8,000 posted to his account as ₹6,000. (b) Returns Inwards book overcast by ₹1,000. (c) Total of Sales...

24. Trial Balance of Madan did not agree and he put the difference to Suspense Account. He discovered the following errors (a) Sales Returns book overcast by ₹800. (b) Purchases returns to Sahu ₹2,000 were not posted to his account. (c) Goods purchased on credit from Narula ₹4,000 though taken...

25. There was an error in the Trial Balance of Mr. Steel on 31st March, 2023, and the difference in Books was carried to a Suspense Account. On going through the Books you find that: (i) ₹5,400 received from Mr. A was posted to the debit of his account. (ii)...

26. Rajesh Kumar was unable to reconcile his Trial Balance as on 31st March 2023 and has opened a suspense account from the difference. Later on the following errors were discovered: (1) There were three compensating errors (a) The total of Sales Return Book was overcast by ₹100. (b) The...

27. A Trial Balance showed excess credit of ₹2,728, which were placed in a suspense account. Later on the following errors were located. Pass rectifying entries and prepare Suspense A/c. ₹825, the total of purchase return book has been posted to the debit of sales return account. Goods purchased from...

28. A Book-keeper finds the difference in the Trial Balance amounting to ₹210 and puts it in the suspense account. Later on he detects the following errors. Rectify these and prepare the Suspense Account Goods purchased from Ram ₹700 was passed through sales book. Returned goods to Shyam ₹1,500 was...

29. In taking out a Trial Balance, an Accountant finds an excess debit of ₹1,098. Being desirous of closing his books, he places the difference to Suspense A/c. Later on he detects the following errors: Goods purchased from Surinder for ₹350 has been credited to his account as ₹530.  Goods...

30. 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:- The total of Purchase Return Book ₹710 was posted twice. Goods costing...

31. Give rectifying journal entries for the following errors: (a) Sale of goods to Madan ₹6,000 were entered in the sales book as ₹600. (b) A credit purchase of ₹1,500 from Ajay has been wrongly passed through the sales book. (c) Repairs to building ₹300 were debited to building account....

32. Rectify the following errors: (i) The Sales Book has been totalled ₹1,000 short. (ii) Goods worth ₹1,500 returned by Green and Co. have not been recorded anywhere. (iii) Goods purchased worth ₹2,500 have been posted to the debit of the supplier, Gupta and Co. (iv) Furniture purchased from Gulab...

33. Rectify the following errors by means of Journal entries: (i) A cheque of ₹5,000 received from Ashish was dishonoured and was debited to Discount Account. (ii) Purchase of ₹540 from Ramneek was written in Sales day book, but was correctly posted to correct side of Ramneek’s Account. (iii) Salary...

34. During the course of an accounting year, the accountant prepared a trial balance which did not tally. He put the difference in a suspense account. Subsequently, he located the following errors in his books of account: (i) The total of the returns outwards book, ₹21,500 has not been posted....

35. During the course of an accounting year, an Accountant found a difference in the trial balance. He puts this difference in a newly opened suspense account. Subsequently, he located the following errors in his books of account: (i) Goods purchased from Shiv for ₹10,000, but entered in sales book ...

36. 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: (i) The total of returns inwards book has been cast ₹2,000 short. (ii) The purchase of an office table costing ₹6,000 has been passed through...

37. 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: (i) The total of the purchases returns book, ₹2,100...

38. Rectify the following errors by passing Journal entries:  (i) Old furniture sold for ₹500 has been credited to Sales Account.  (ii) Machinery purchased on credit from Raman for ₹2,000 recorded through Purchases Book as ₹16,000. (iii) Cash received from Rajat ₹5,000 was posted to the debit of Bhagat as...

39. Pass Journal entries to rectify the following errors which were located after preparing the Trial Balance: (a) The Sales Book was overcast by ₹500. (b) Credit purchases from Aradhya ₹6,000 were posted to the debit of her account as ₹9,000. (c) Goods returned from Ayan ₹8,000 were recorded in...

40. Rectify the following errors (a) ₹500 paid for the purchases of Radio set for the proprietor debited to General expenses account. (b) Goods sold to Ram for ₹300 have been entered in the purchase book. However the account of Ram stands correctly posted. (c) An amount of ₹50 paid...

41. Pass journal entries to rectify the following errors detected during preparation of Trial Balance: (i) Purchases book is undercast by ₹1,000. (ii) Wages paid for construction of office debited to wages account ₹20,000.  (iii) A credit sale of goods ₹1,200 to Ramesh has been wrongly passed through the purchase...

42. Rectify the following errors found in the books of Mr. Suhail by passing entries: (i) One item of purchase of ₹250 has been posted from the purchases book to the ledger as ₹350. (ii) Sales return of ₹2,000 from a party has not been posted to that account, though...

43. Rectify the following errors found in the books of Mr. Aryan by passing entries: (i) The purchase of ₹610 from Kabir was entered into sales book but Kabir’s personal account was rightly credited. (ii) Sale of old furniture of ₹2,500 was credited to sales account as ₹250. (iii) An...

44. Pass journal entries to rectify the following errors in the books of Manish, which were located after preparation of Trial Balance: (a) Goods of the value ₹5,000 returned by Aanchal were entered in the Sales Book and posted therefrom to the credit of her account. (b) Payment of ₹1,000...

45. Pass Journal Entries to rectify the following errors: These errors are located after the preparation of Trial Balance. ₹17,000 paid in cash for purchase of a Typewriter was charged to office expenses account. Credit sale to Aman ₹5,000 were posted to the Credit of his account. Cash sales ₹20,000...

46. Pass necessary journal entries to rectify the following errors: (a) Sales Return book overcast ₹1,000. (b) Machinery purchased ₹9,600 from Kunal, wrongly entered in Purchase Book as ₹6,900. (c) Goods purchased from Rahul ₹5,000 wrongly entered in purchase return book. Although, Rahul’s account correctly credited. (d) Rent paid to...

47. Pass journal entries to rectify the following errors using suspense account where necessary: (i) Goods of the value of 2,000 returned by Mr. Gupta were entered in the Sales Book and posted therefrom to the credit of his account. (ii) Goods worth 1,500 bought by the proprietor for his...