Question

Give rectifying Journal entries for the following errors:
(i) Sales of goods to Madan ₹ 6,000 were entered in the Sales Book as ₹ 600.
(ii) Credit purchase of ₹ 1,500 from Ajay has been wrongly passed through the Sales Book.
(iii) Repairs to building ₹ 300 were debited to Building Account.
(iv) ₹ 2,050 paid to Rohit is posted to the debit of Mohit’s Account as ₹ 5,020.
(v) Purchases Return Book is overcasted by ₹ 400.

Answer 1

Journal
Date	Particular		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Madan	Dr.		5,400
	To Sales A/c				5,400
	(Sale of Goods Rs 6,000 to Madan was wrongly recorded as Rs 600)
(ii)	Purchases A/c	Dr.		1,500
	Sales A/c	Dr.		1,500
	To Ajay				3,000
	(Purchase of Goods from Ajay was wrongly passed through Sales Book)
(iii)	Repair A/c	Dr.		300
	To Building A/c				300
	(Repair of Building Rs 300 was wrongly debited to Building Account,now rectified)
(iv)	Rohit	Dr.		2,050
	Suspense A/c	Dr.		2,970
	To Mohit				5,020
	(Payment to Rohit Rs 2,050 was wrongly debited Mohit’s Account as Rs 5,020, now rectified)
(v)	Purchases Return A/c	Dr.		400
	To Suspense A/c				400
	(Purchase Return Book was overcast now rectified)