Question

Pass the rectifying entries for the following
(i) Sales of goods ₹ 6,000 to Madan were recorded as ₹ 600 in the Sales Book.
(ii) Credit purchase of goods from Mohan amounting to ₹ 2,000 has been wrongly passed through the Sales Book.
(iii) Return of goods worth ₹ 500 by a customer was entered in ‘Purchases Return Book’.
(iv) Cheque of ₹ 400 received from Ranjan was dishonoured and debited to the Discount Account.
(v) Bill for ₹ 820 received from Ramesh for repair of machinery was entered in the Purchases Book as ₹ 720.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Madan	Dr.		5,400
	To Sales A/c				5,400
	(Sale of Goods to Madan Rs 6,000 was wrongly recorded as Rs 600)
(ii)	Sales A/c	Dr.		2,000
	Purchases A/c	Dr.		2,000
	To Mohan				4,000
	(Purchases of goods from Mohan was wrongly recorded in the Sales Book, now rectified)
(iii)	Sales Return A/c	Dr.		500
	Purchases Return A/c	Dr.		500
	To Customer A/c				1,000
	(Sales Return was entered wrongly in Purchases Return Book, now rectified)
(iv)	Rajan	Dr.		400
	To Discount A/c				400
	(Discount Account was debited wrongly on dishonour of Rajan’s Cheque, now rectified)
(v)	Repair A/c	Dr.		820
	To Purchases A/c				720
	To Ramesh A/c				100
	(Repair of Machinery Rs 820 was recorded wrongly to Purchases Book now rectified)