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Accounting Errors and Suspense Entries

The document outlines a series of accounting problems related to errors in ledger postings, detailing the necessary journal entries to correct each mistake. It includes both correct and incorrect entries for various transactions, such as payments, sales, and expenses. Each problem is numbered and provides a clear indication of whether the proposed correction is valid or not.
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0% found this document useful (0 votes)
10 views12 pages

Accounting Errors and Suspense Entries

The document outlines a series of accounting problems related to errors in ledger postings, detailing the necessary journal entries to correct each mistake. It includes both correct and incorrect entries for various transactions, such as payments, sales, and expenses. Each problem is numbered and provides a clear indication of whether the proposed correction is valid or not.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

✍️ Problems 11–20

11. ₹2,500 paid to creditor omitted to be posted in the ledger.

Suspense A/c Dr. 2,500


To Creditor’s A/c 2,500

12. Goods sold to Amit ₹3,000 recorded in Purchases Book.

Sales A/c Dr. 3,000


To Purchase A/c 3,000
Amit A/c Dr. 3,000
To Suspense A/c 3,000

13. Rent paid ₹4,000 posted to Building A/c.

Building A/c Dr. 4,000


To Rent A/c 4,000

14. ₹800 received from X not posted to his account.


X A/c Dr. 800
To Suspense A/c 800

15. Sales to Y ₹2,000 posted to Z’s account.

Z A/c Dr. 2,000


To Y A/c 2,000

16. Cash sales ₹6,000 not recorded in Cash Book.

Cash A/c Dr. 6,000


To Suspense A/c 6,000

17. Discount received ₹200 not posted to Creditors A/c.

Suspense A/c Dr. 200


To Creditors A/c 200


18. Commission received ₹1,500 not posted to Commission A/c.

Suspense A/c Dr. 1,500


To Commission A/c 1,500

19. Cash paid to Krishna ₹1,000 wrongly debited to Kishan.

Kishan A/c Dr. 1,000


To Krishna A/c 1,000

20. Purchase ₹2,700 recorded as ₹7,200.

Suspense A/c Dr. 4,500


To Purchase A/c 4,500

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✍️ Problems 21–30
21. ₹3,000 paid to Ravi not posted to his account.

Suspense A/c Dr. 3,000


To Ravi A/c 3,000

22. Credit sale ₹8,000 to Kiran recorded as ₹800.

Kiran A/c Dr. 7,200


To Suspense A/c 7,200

23. Depreciation of ₹2,000 not recorded.

Depreciation A/c Dr. 2,000


To Suspense A/c 2,000

24. Cash sales ₹10,000 recorded as ₹1,000.

Cash A/c Dr. 9,000


To Suspense A/c 9,000

25. Discount allowed ₹500 not posted to Discount A/c.

Suspense A/c Dr. 500


To Discount Allowed A/c 500

26. Bad debts of ₹1,200 written off not posted to debtor’s account.

Debtor’s A/c Dr. 1,200


To Suspense A/c 1,200

27. ₹1,000 received from customer but not recorded anywhere.

Cash A/c Dr. 1,000


To Suspense A/c 1,000

28. ₹4,000 paid to Ajay posted as ₹400.


Ajay A/c Dr. 3,600
To Suspense A/c 3,600

29. Returns inward ₹600 not posted to Sales Return A/c.

Suspense A/c Dr. 600


To Sales Return A/c 600

30. ₹5,000 credit purchase omitted from ledger.

Purchase A/c Dr. 5,000


To Suspense A/c 5,000

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✍️ Problems 31–40

31. Cash received ₹2,000 recorded as ₹200.


Cash A/c Dr. 1,800
To Suspense A/c 1,800

32. Purchase return of ₹900 recorded as ₹90.

Suspense A/c Dr. 810


To Purchase Return A/c 810

33. Cash paid to supplier ₹7,500 recorded as ₹750.

Supplier A/c Dr. 6,750


To Suspense A/c 6,750

34. Advertisement expenses ₹3,000 not posted.

Advertisement A/c Dr. 3,000


To Suspense A/c 3,000

35. Bank charges ₹500 omitted.


Bank Charges A/c Dr. 500
To Suspense A/c 500

36. ₹2,000 paid to creditor posted to Debtor A/c.

Debtor’s A/c Dr. 2,000


To Creditor’s A/c 2,000

37. Salary ₹4,000 wrongly debited to Wages A/c.

Wages A/c Dr. 4,000


To Salary A/c 4,000

38. Bill receivable ₹6,000 not posted to Bills Receivable A/c.

Bills Receivable A/c Dr. 6,000


To Suspense A/c 6,000

39. Cheque dishonoured ₹3,000 not posted.

Debtor’s A/c Dr. 3,000


To Suspense A/c 3,000

40. Cash sales ₹9,000 recorded in journal only.

Cash A/c Dr. 9,000


To Suspense A/c 9,000

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✍️ Problems 41–50

41. Credit sale to Dinesh ₹4,000 recorded in Cash Book.

Dinesh A/c Dr. 4,000


To Suspense A/c 4,000


42. Payment to supplier ₹6,500 recorded as ₹5,600.

Supplier A/c Dr. 900


To Suspense A/c 900

43. ₹1,500 paid for printing wrongly debited to Stationery.

Stationery A/c Dr. 1,500


To Printing A/c 1,500

44. ₹7,000 received from debtor not recorded.

Cash A/c Dr. 7,000


To Suspense A/c 7,000

45. Commission earned ₹2,000 not recorded.

Commission A/c Dr. 2,000


To Suspense A/c 2,000

46. Interest paid ₹600 posted twice.

Suspense A/c Dr. 600


To Interest A/c 600

47. Goods taken for personal use ₹3,000 recorded as sales.

Drawings A/c Dr. 3,000


To Sales A/c 3,000

48. Cash paid ₹2,500 not recorded in Cash Book.

Suspense A/c Dr. 2,500


To Cash A/c 2,500

49. ₹2,000 paid for postage posted to Rent A/c.


Rent A/c Dr. 2,000
To Postage A/c 2,000

50. Sale of ₹8,000 omitted from ledger.

Customer A/c Dr. 8,000


To Suspense A/c 8,000

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