Question

Rectify the following errors:-
1. ₹ 4,500 spent on the extension of Buildings were debited to Repairs A/c.
2. Wages paid to the firm's own workmen ₹ 3,600 for the installation of a new machinery were posted to Wages Account.
3. Contractor's bill for the construction of a godown at a cost of ₹ 10,000 has been charged to 'Repairs' A/c.
4. ₹ 1,500 paid as Wages to a worker 'Bahadur Singh', has been debited to his personal account.
5. Old furniture sold for ₹ 500 has been credited to Sales Account.
6. A cheque of ₹ 620 received from Ram, has been wrongly credited to Shyam.

Answer 1

Two Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1)	Building A/c	Dr.		4,500
	To Repairs A/c				4,500
	(Amount spent on the extension of building debited to Repairs Account)
2)	Machinery A/c	Dr.		3,600
	To Wages A/c				3,600
	(Wages paid for installation of new machinery debited to Wages Account)
3)	Building A/c	Dr.		10,000
	To Repairs A/c				10,000
	(Amount spent on the construction of a godown debited to Repairs Account)
4)	Wages A/c	Dr.		1,500
	To Bahadur Singh’s A/c				1,500
	(Wages paid to a worker debited to his personal account)
5)	Sales A/c	Dr.		500
	To Furniture A/c				500
	(Sale of furniture recorded as sale of goods)
6)	Shyam’s A/c	Dr.		620
	To Ram’s A/c				620
	(Cheque received from Ram credited to Shyam)