Question

Pass necessary Journal entries' to rectify the following errors:

(i) Goods returned to Mahima for Rs 5,000, entered into Sales Returns Book.

(ii) Kajol returned goods worth Rs 2,000, entered into Purchase Returns Book.

(iii) A credit purchase of Rs 3,000 from Ravina was recorded through Purchase Returns Book.

(iv) Goods worth Rs 1,160 returned to Karishma, were recorded in Purchase Book as Rs 1,106.

Answer 1

$\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Debit Amount (Rs)}& \text{Credit Amount (Rs)}\\ & & & & & \\ \text{(i)}& \text{Mahima}& \text{Dr.}& & \text{10,000}& \\ & \text{To purchases Returns A/c}& & & & \text{5,000}\\ & \text{To Sales Returns A/c}& & & & \text{5,000}\\ & \text{(Being wrong recording of returns now)}& & & & \\ & \text{rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(ii)}& \text{Sales Return A/c}& \text{Dr.}& & \text{2,000}& \\ & \text{Purchases Returns A/c}& \text{Dr.}& & \text{2,000}& \\ & \text{To Kajol}& & & & \text{4,000}\\ & \text{(Being wrong recording of returns from Kajal,)}& & & & \\ & \text{now rectified}& & & & \\ & \underset{–}{}& & & & \\ \text{(iii)}& \text{Purchases A/c}& \text{Dr.}& & \text{3,000}& \\ & \text{Purchases Returns A/c}& \text{Dr.}& & \text{3,000}& \\ & \text{To Ravina}& & & & \text{6,000}\\ & \text{(Being wrong recording of purchase from Ravina,)}& & & & \\ & \text{as purchase returns, now rectified}& & & & \\ & \underset{–}{}& & & & \\ \text{(iv)}& \text{Karishma}& \text{Dr.}& & \text{2,266}& \\ & \text{To Purchases A/c}& & & & \text{1,106}\\ & \text{To Purchases Returns A/c}& & & & \text{1,160}\\ & \text{(Being wrong recording of returns to)}& & & & \\ & \text{Karishma in purchaser book with wrong}& & & & \\ & \text{amount, now rectified}& & & & \end{array}$