corrected). (viii) Suspense A/c , To Raghav’s A/c To Raghu’s A/c (Credited purchases from Raghu Rs. , wrongly debited to Raghav, now corrected). (ix) Sales A/c Purchases A/c To Raghu’s A/c , (Credit purchases from Raghu wrongly recorded through sales book, now corrected).
Illustration Rectify the following errors : Cash sales Rs. , were not posted to sales account. were posted as Rs. , in sales account.
(iii) were posted to commission account. Solution Suspense A/c , , (Cash sales not posted to sales account now rectified) Suspense A/c (Cash sales Rs. , were posted to sales account as Rs. , , now rectified) (iii) Commission A/c , , (Cash sales posted to commission account instead of sales account, now corrected) Illustration Depreciation written-off as the machinery Rs.
, was not posted at all was not posted to machinery account (iii) was not posted to depreciation account Solution It was recorded through journal proper. From journal proper posting to all the accounts are made individually. Hence, no posting was made to depreciation account and machinery account. Therefore, rectification entry will be : Depreciation A/c To Machinery A/c (Depreciation on machinery not posted, now corrected) In this case posting was not made to machinery account.
It is to be assumed that depreciation account should have been correctly debited. Therefore, rectification entry shall be : Suspense A/c To Machinery A/c (Depreciation on machinery not posted to Machinery account, now corrected). (iii) In this case depreciation account was not been debited. However, machinery account must have been correctly credited.
Therefore, rectification entry shall be : Depreciation A/c To Suspense A/c (Depreciation on machinery not posted to Depreciation account, now corrected). Illustration Trial balance of Anurag did not agree. It showed an excess credit Rs. , .
Anurag put the difference to suspense account. He located the following errors : Sales return book over cast by Rs. , . Purchases book was undercast by Rs.
. (iii) In the sales book total of page no. was carried forward to page as Rs. , instead of Rs.