Question

Following errors are discovered in the books of Sh. Ram Lal. Make the necessary entries to rectify them:
(i) Purchases Journal was undercasted by ₹ 2,150.
(ii) ₹ 500 received from K. Krishna was debited to his account.
(iii) An amount of ₹ 3,000 withdrawn by the proprietor of the firm for his personal use was posted to the Travelling Expenses Account.
(iv) An amount of ₹ 175 for a credit sale to R. Gopalan correctly entered in the Sales Book, has been debited to his account as ₹ 157.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
	Purchases A/c	Dr.		2,150
	To Suspense A/c				2,150
	(Purchases Book was under cast now rectified)
	Suspense A/c	Dr.		1,000
	To K. Krishna				1,000
	(Received from K. Krishna was wrongly debited, now rectified )
	Drawings A/c	Dr.		3,000
	To Travelling Expense A/c				3,000
	(Amount withdrawn by proprietor for personal use wrongly posted to
	Travelling Expenses Account, now rectified)
	R.Gopalan	Dr.		18
	To Suspense A/c				18
	(R. Gopalan’s Account was debited by Rs 157 instead of Rs 175, now rectified