Question

Pass the rectification entries for the following transactions:
(i) Repairs to plant amounting to ₹ 2,000 had been charged to Plant and Machinery Account.
(ii) Wages paid to the firm's workmen for making certain additions to machinery amounting to ₹ 1,340 were debited to Wages Account.
(iii) A cheque for ₹ 7,500 received from S. Desai was credited to the account of R. Gupta.
(iv) Goods to the value of ₹ 7,000 returned by X were included in closing stock, but no entry was made in the books.
(v) Goods costing ₹ 5,000 were purchased for various members of the staff and the cost was included in 'Purchases'. A similar amount was deducted from the salaries of the staff members concerned and the net payments to them debited to Salaries Account.
(vi) Credit purchase of old machinery from Sohan for ₹ 1,70,000 was entered in the Purchase Book as purchase from Mohan for ₹ 7,10,000. ₹ 30,000 paid as repairing charges on the reconditioning of a newly purchased second had machinery were debited to General Expenses Account.
(vii) Debit and Credit totals of discount columns in the Cash Book which come to ₹ 400 and ₹ 370 respectively have not been posted to Discount Accounts.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Repairs A/c	Dr.		2,000
	To Plant and Machinery A/c				2,000
	(Repairs wrongly capitalised, now rectified)
(ii)	Machinery A/c	Dr.		1,340
	To Wages A/c				1,340
	(Wages paid to Workmen for certain addition to Machinery wrongly debited to Wages Account, now rectified)
(iii)	R. Gupta	Dr.		7,500
	To S. Desai				7,500
	(Cheque of Rs 7,500 received from S. Desai was wrongly Credited to R. Gupta’s Account, now rectified)
(iv)	Sales Return A/c	Dr.		7,000
	To X				7,000
	(Goods returned by X had not recorded in the book, now rectified)
(v)	Salaries A/c	Dr.		5,000
	To Purchases A/c				5,000
	(Goods purchased for Staff was wrongly debited to Purchases Account, now rectified)
(vi)	Mohan Machinery A/c	Dr. Dr.		7,10,000 2,00,000
	To Sohan To Purchases A/c To General Expenses A/c				1,70,000 7,10,000 30,000
	(Credit purchase of an old machinery from Sohan and repairs charges were wrongly recoreded as purchase from Mohan and General Expenses, now rectified)
(vii)(a)	Discount Allowed A/c	Dr.		400
	To Suspense A/c				400
	(Discount allowed omitted to be recorded, now recorded)
(vii)(b)	Suspense A/c	Dr.		370
	To Discount Received A/c				370
	(Discount received omitted to be recorded, now recorded)