Question

Give Journal Entries to rectify the following errors:-
1. Goods purchased from Ajay for ₹ 2,600 were recorded in Sales Book by mistake.
2. Goods for ₹ 4,400 sold to Surendra was passed through Purchase Book.
3. A customer returned goods worth ₹ 1,000. It was recorded in 'Purchase Return Book'.
4. A credit sale of ₹ 126 to Rajesh was entered in the books as ₹ 162.
5. Sale of old chairs and Table for ₹ 700 was treated as sale of goods.
6. Rent of proprietor's residence, ₹ 800, debited to Rent A/c.

Answer 1

Two Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1)	Purchases A/c	Dr.		2,600
	Sales A/c	Dr.		2,600
	To Ajay’s A/c				5,200
	(Goods purchased from Ajay were recorded in Sales Book)
2)	Surendra’s A/c	Dr.		8,800
	To Sales A/c				4,400
	To Purchases A/c				4,400
	(Goods sold to Surendra recorded in Purchases Book)
3)	Sales Return A/c	Dr.		1,000
	Purchases Return A/c	Dr.		1,000
	To Customer’s A/c				2,000
	(Goods returned by a customer recorded in Purchases Return Book)
4)	Sales A/c	Dr.		36
	To Rajesh’s A/c				36
	(Credit sales of Rs 126 to Rajesh were recorded as Rs 162)
5)	Sales A/c	Dr.		700
	To Furniture A/c				700
	(Sale of furniture was recorded as sale of goods)
6)	Drawings A/c	Dr.		800
	To Rent A/c				800
	(Rent paid for proprietor’s residence, debited to Rent Account)