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Pls help me to rectify !!

Himesh Katuria (Student) (258 Points)

20 July 2013

Respected CCI members ,

Pls help me to understand .

Question :Credit purchase from Rohan Rs 9000 were posted to the debit of Gobind as Rs 10,000.

Answer : Suspense A/c ------------Dr. 19000

To Rohan--------------------------9000

To Gobind-------------------------10,000

Pls help me to understand the solution , How you have understood this . Pls help me how to do ?

Thank you in anticipation.

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2 Replies

C.A. Jignesh N. Mehta (C.A.) (1030 Points)
Replied 20 July 2013

The error made in passing the entry is as under: 1. Gobind A/c Dr 10000 To Suspense A/c 10000 Hence the above entry is to be reversed. However the correct entry should have been 2. Suspense A/c Dr. 9000 To Rohan A/c 9000 Now the rectification entry should be reversal of entry 1 and combined with entry 2 Hence the answer Suspense A/c Dr 19000 to gobind 10000 to rohan 9000

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~Priyanka MS~ (-) (536 Points)
Replied 20 July 2013

Hey Sameer, In the given problem, Correct entry to be recorded is- Purchases A/c Dr 9000 To Rohan A/c 9000 But it is wrongly posted to debit of Gobind A/c for Rs.10000..Thus Rectification entry for the same would be - Suspense A/c Dr 19000 To Rohan A/c 9000 To Gobind A/c 10000 As,Gobind's wrong debit is to be cancelled , we credit it,and we debit Suspense A/c as to nullify the effect of the error... Suspense A/c is a Memorandum A/c opened for the time-being... Hope I answered ur query!!!

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