Question

Rectify the following errors-

1) Purchase of stationery Rs 450 was debited to commission account.
2) Rs 7,000 received from Sunit has been wrongly posted to Sunil’s account.
3) Goods Rs 2,000 returned by Praveen were not recorded in the books.
4) Credit side of Sandeep account has been overcast by Rs 200.
5) Freight paid for purchase of furniture Rs 325 is debited to freight account.
6) Goods sold worth Rs 8,000 to Sadanand was posted to Vijayanand’s account

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1	Stationery A/c	Dr.		450
	To Commission A/c				450
	(Stationery purchased debited to Commission Account, now rectified)
2	Sunil	Dr.		7,000
	To Sunit				7,000
	(Cash received from Sunit posted to Sunil’s Account, now rectified)
3	Sales Returns A/c	Dr.		2,000
	To Praveen				2,000
	(Goods returned by Praveen was not recorded, now rectified)
4	Sandeep	Dr.		200
	To Suspense A/c				200
	(Credit side of Sandeep’s Account overcasted, now rectified)
5	Furniture A/c	Dr.		325
	To Freight A/c				325
	(Freight paid for Furniture debited to Freight Account, now rectified)
6	Sadanand A/c	Dr.		8,000
	To Vijayanand				8,000
	(Sales affected to Sadanand posted to Vijayanand, now rectified)