Question

Rectify the following errors:
(a) Furniture purchased for ₹ 10,000 wrongly debited to Purchases Account.
(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through Purchases Book.
(c) Repairs on machinery ₹ 1,400 debited to Machinery Account.
(d) Repairs on overhauling of second hand machinery purchased ₹ 2,000 was debited to Repairs Account.
(e) Sale of old machinery at book value of ₹ 3,000 was credited to Sales Account.

Answer 1

Two Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
a)	Furniture A/c	Dr.		10,000
	To Purchases A/c				10,000
	(Purchase of Furniture wrongly debited to Purchases Account)
b)	Machinery A/c	Dr.		20,000
	To Purchases A/c				20,000
	(Purchase of machinery recorded through Purchases Book)
c)	Repairs A/c	Dr.		1,400
	To Machinery A/c				1,400
	(Repairs incurred on machinery debited to Machinery Account)
d)	Machinery A/c	Dr.		2,000
	To Repairs A/c				2,000
	(Repairs incurred on the purchase of second hand machinery debited to Repairs Account)
e)	Sales A/c	Dr.		3,000
	To Machinery A/c				3,000
	(Sale of old machinery credited to Sales Account)