, instead of Rs. and total of page was carried forward to page as Rs. , instead of Rs. , .
Wages paid for installation of machinery Rs. was posted to wages account as Rs. . Machinery purchased from R & Co.
for Rs. , on credit was entered in Purchase Book as Rs. , and posted there from to R & Co. as Rs.
, . Credit sales to Mohan Rs. , were recorded in Purchases Book. (e) Goods returned to Ram Rs.
, were recorded in Sales Book. (f) Credit purchases from S & Co. for Rs. , were recorded in sales book.
However, S & Co. was correctly credited. (g) Credit purchases from M & Co. Rs.
, were recorded in Sales Book as Rs. , and posted there from to the credit of M & Co. as Rs. , .
(h) Credit sales to Raman Rs. , posted to the credit of Raghvan as Rs. , . Bill receivable for Rs.
, from Noor was dishonoured and posted to debit of Allowances account. (j) Cash paid to Mani Rs. , against our acceptance was debited to Manu. (k) Old furniture sold for Rs.
, was posted to Sales account as Rs. , . (l) Depreciation provided on furniture Rs. was not posted.
(m) Material Rs. , and wages Rs. , were used for construction of building. No adjustment was made in the books.
Rectify the errors and prepare suspense to ascertain the difference in trial balance. ( Ans : Difference in trial balance Rs. , excess credit). Checklist to Test Your Understanding Test your understanding - I Trial Balance Total Rs.
, , Test your understanding - II . Purchases A/c To Rajni’s A/c Rajni’s A/c Rajni’s A/c To Purchases A/c . Purchases A/c , To Rao’s A/c , Furniture A/c , To Purchases A/c , . Cash A/c , To Commission A/c , Cash A/c , , Commission A/c , , .
Cash A/c , To Nadeem’s A/c , Cash A/c , To Karim’s A/c , Test Your Understanding - III . Error