Question

Pass rectifying entries:-
(i) ₹ 5,000 being the cost of a Radio purchased for the personal use of the proprietor has been debited to Radio account in the ledger.
(ii) Goods taken by the proprietor for ₹ 1,000, has not been entered in the books at all.
(iii) A cheque of ₹ 500 received from X was credited to the account of Y and debited to Cash instead of Bank A/c.
(iv) A cheque of ₹ 1,300 received from Ram Lal was dishonoured and debited to 'General Expenses' A/c.
(v) A sum of ₹ 3,000 drawn by the proprietor for his private travel was debited to 'Travelling Expenses A/c'.
(vi) Credit purchase of ₹ 500 from Ajay were posted to the credit of Vijay A/c.
(vii) An amount of ₹ 1,600 due from Chandan Lal was written off as 'Bad-debt' in previous year, was unexpectedly received this year, and has been credited to the account of Chandan Lal.

Answer 1

Two Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
i)	Drawings A/c	Dr.		5,000
	To Radio A/c				5,000
	(Purchase of radio for personal use debited to Radio Account)
ii)	Drawings A/c	Dr.		1,000
	To Purchases A/c				1,000
	(Goods taken by the proprietor omitted to be recorded)
iii)	Y’s A/c	Dr.		500
	Bank A/c	Dr.		500
	To X’s A/c				500
	To Cash A/c				500
	(Cheque received from X debited to Y’s Account and instead of bank, Cash Account is debited)
iv)	Ram Lal’s A/c	Dr.		1,300
	To General Expenses A/c				1,300
	(Cheque received from Ram Lal dishonoured and debited to General Expenses Account)
v)	Drawings A/c	Dr.		3,000
	To Travelling Expenses A/c				3,000
	(Amount spent by the proprietor for private travel debited to Travelling Expenses Account)
vi)	Vijay’s A/c	Dr.		500
	To Ajay’s A/c				500
	(Credit purchase from Ajay posted to the credit of Vijay)
vii)	Chandan Lal’s A/c	Dr.		1,600
	To Bad Debts Recovered A/c				1,600
	(Amount written-off as bad debts were recovered and credited to Debtors Account)