Question

Give rectifying entries for the following:
(i) ₹ 5,400 received from Mr. A was posted to the debit of his account.
(ii) The total of Sales Return Book overcasted by ₹ 800.
(iii) ₹ 2,740 paid for repairs to motor car was debited to Motor Car Account as ₹ 1,740.
(iv) Returned goods to Shyam ₹ 1,500 were passed through Returns Inward Book.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Suspense A/c	Dr.		10,800
	To Mr.A				10,800
	(Received Rs 5,400 from Mr A was wrongly debited to his Account, now rectified)
(ii)	Suspense A/c	Dr.		800
	To Sales Return A/c				800
	(Sales Return Book was overcast, now rectified)
(iii)	Repair A/c	Dr.		2,740
	To Motor Car A/c				1,740
	To Suspense A/c				1,000
	(Repairs of Motor Cars Rs 2,740 was wrongly debited to Motor Car Account as Rs 1,740, now rectified)
(iv)	Shyam	Dr.		3,000
	To Return Inwards A/c				1,500
	To Return Outwards A/c				1,500
	(Return Outward to Shyam was wrongly recorded in the Return Inwards Book, now rectified)