Question

Rectify the following errors:

(a)	Furniture purchased for Rs 10,000 wrongly debited to purchases account.
(b)	Machinery purchased on credit from Raman for Rs 20,000 was recorded through purchases book.
(c)	Repairs on machinery Rs 1,400 debited to machinery account.
(d)	Repairs on overhauling of secondhand machinery purchased Rs 2,000 was debited to Repairs account.
(e)	Sale of old machinery at book value of Rs 3,000 was credited to sales account.

Answer 1

Journal
S. No.	Particulars				L.F.	Debit Amount Rs	Credit Amount Rs
(a)	Furniture A/c			Dr.		10,000
		To Purchases A/c					10,000
	(Furniture purchased wrongly debited to Purchases Account, now rectified)
(b)	Machinery A/c			Dr.		20,000
		To Purchases A/c					20,000
	(Machinery purchased from Raman wrongly entered in the Purchases Book, now rectified)
(c)	Repairs A/c			Dr.		1,400
		To Machinery A/c					1,400
	(Repair of machinery wrongly debited to Machinery Account, now rectified)
(d)	Machinery A/c			Dr.		2,000
		To Repairs A/c					2,000
	(Overhauling of second hand machine wrongly debited in Repairs Account, now rectified)
(e)	Sales A/c			Dr.		3,000
		To Machinery A/c					3,000
	(Machinery sold wrongly credited to Sales Account, now rectified)