were carried forward to the next page as ` , . (d) Salaries ` , were posted as ` , . (e) Purchase of goods on credit from Mukilan for ` have been posted to his account as ` , . Solution Rectifying entries L.F.
Dr. ` Cr. ` a Purchases A/c Dr. To Suspense A/c (Under casting of purchases book rectified) b Discount allowed A/c Dr.
To Suspense A/c (Omission to post the total of discount allowed, now rectified) c Suspense A/c Dr. To Sales A/c (Lesser amount carried forward in the sales book rectified) d Suspense A/c ( , − , ) To Salaries A/c (Excess amount posted to the salaries account rectified) , , Accountancy e Mukilan A/c ( , − ) To Suspense A/c (Excess amount posted to Mukilan account rectified) , , (b) Rectification of two-sided errors after preparing the trial balance At this stage, every two-sided error is rectified by passing a rectifying journal entry by debiting one of the accounts affected and crediting the other account. As these errors do not cause difference in trial balance, the suspense account is not used in the rectifying journal entries. Therefore, the rectifying entries passed for rectifying two-sided errors before preparation of trial balance and after preparation of trial balance are the same.
Illustration The following errors were located after the preparation of the trial balance. Rectify them. (a) Paid ` to Anitha was wrongly debited to Vanitha account. (b) Sale of furniture for ` was credited to sales account.
(c) Purchased goods from Natarajan on credit for ` were wrongly passed through sales book. (d) Wages ` , paid on erection of machinery was debited to wages account. Solution Rectifying entries L.F. Dr.
` Cr. ` a Anitha A/c Dr. To Vanitha A/c (Amount paid to Anitha wrongly debited to Vanitha account, now rectified) b Sales A/c Dr. To Furniture A/c (Sale of furniture wrongly credited to sales account, now rectified) c Purchases A/c Dr.
Sales A/c Dr. To Natarajan A/c (Purchases