Question

Rectify the following errors:

(i)	Credit sales to Mohan Rs 7,000 were recorded as Rs 7,200.
(ii)	Credit purchases from Rohan Rs 9,000 were recorded as Rs 9,900.
(iii)	Goods returned to Rakesh Rs 4,000 were recorded as Rs 4,040.
(iv)	Goods returned from Mahesh Rs 1,000 were recorded as Rs 1,600.

Answer 1

Journal
S. No.	Particulars							L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Sales A/c				Dr.				200
		To Mohan								200
	(Goods sold to Mohan Rs 7,000 were recorded as Rs 7,200, now rectified)
(ii)	Rohan				Dr.				900
		To Purchases A/c								900
	(Goods purchased from Rohan Rs 9,000 were recorded as Rs 9,900, now rectified)
(iii)	Purchases Return A/c						Dr.		40
		To Rakesh								40
	(Goods returned to Rakesh Rs 4,000 were recorded as Rs 4,040 now rectified)
(iv)	Mahesh					Dr.			600
		To Sales Return A/c								600
	(Goods returned from Mahesh Rs 1,000 were recorded as Rs 1,600, now rectified)