Question 17 of 21
Q.Give Journal entries to rectify the following errors discovered after the preparation of Trial Balance.
(a) Purchase book was overcast by ₹ 10,000
(b) Repairs to furniture of ₹ 500 was debited to Furniture account.
(c) A credit sale of goods to Akilan for ₹ 456, was credited to his account as ₹ 654
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2025Subjective· 3mImportance★★★★★
81% · 17/21 Questions
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Start your 14-day free trial to unlock the full solution →One-sided errors (a) & (c) go through the Suspense account; the two-sided error (b) is corrected directly.
(a) Purchase book overcast by ₹10,000
The Purchase book total was too high, so Purchases account was over-debited by ₹10,000 (a one-sided error). To rectify, credit Purchases and debit Suspense.
| Particulars | L.F. | Dr ₹ | Cr ₹ |
|---|---|---|---|
| Suspense A/c Dr | 10,000 | ||
| To Purchases A/c | 10,000 | ||
| (Purchase book overcast now rectified) |
(b) Repairs to furniture ₹500 wrongly debited to Furniture account
Repairs is a revenue expense but was wrongly added to the asset (error of principle — two-sided). Remove it from Furniture and charge it to Repairs.
| Particulars | L.F. | Dr ₹ | Cr ₹ |
|---|---|---|---|
| Repairs A/c Dr | 500 | ||
| To Furniture A/c | 500 | ||
| (Repairs wrongly capitalised, now corrected) |
(c) Credit sale to Akilan ₹456 wrongly credited to his account as ₹654
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