q20 (i) Posting in correct account but on the wrong side: For example: 34,000 was paid to Pankaj but was wrongly credited to his account. Effect: Pankaj's A/c was credited instead of debiting. Thus, the error is committed for double the amount i.e. 4000 + 4000=38,000. It means the effect of this wrong entry is of 8,000. So Pankaj should be debited with 8,000 and to complete the entry Suspense A/c will be credited. Pankaj's A/C Dr. 8,000 To Suspense A/C 8,000 (Pankaj's A/c wrongly credited instead of debit now rectified) 800 (ii) Posting in Wrong Account on wrong side: For example : Purchased goods from Chitrang for 3 1,800 but was posted in Trilok's Account as 800 on debit side. Effect: Chitrang's Account will be credited with 1,800 (Do) and Trilok's A/c with 800 (to undo) because his account was wrongly debited and for completing the entry suspense account will be debited with 1,800 +*800*2,600 Suspense A/C Dr. 2,600 To Chitrang 1,800 To Trilok (Trilok's Account wrongly debited instead of crediting Chitrang's A/c, now rectified) Example 11 : Mohabbat Singh, an accountant has placed has difference in trial balance 1,210 on the credit side of suspense Account. Later, he detected the following errors. Give journal entries for rectification and prepare Suspense Account (a) Goods purchased from Raghuvir2,000 was omitted to be posted in his account. (b) Received 2,100 from Deepchand was debited in his account as 31,200. (c) Goods sold to Karishma 1,700 was credited to Karina's account. (d) The debit balance of 800 of Amar's account was carried forward on the next page on credit side. (e) The total of discount received column of cash book of 900 was casted as ? 990. (1) Bad debts recovered 500 from Jagdish was debited to Bad debts account