Question

Rectify the following errors.

(a) Furniture purchased for Rs. 10,000 wrongly debited to purchase account.

(b) Machinery purchased on credit from Raman for Rs. 20,000 was recorded through purchase book.

(c) Repairs on machinery Rs. 1,400 debited to machinery account.

(d) Repairs on overhauling of second hand machinery purchased Rs. 2,000 was debited to repair account.

(e) Sales of old machinery at book value of Rs. 3,000 was credited to sales account.

Answer 1

$\begin{array}{cccccc}\text{Date}& \text{Particulars}& & \text{LF}& \text{Amt. (Dr)}& \text{Amt. (Cr)}\\ \text{(a)}& \text{Furniture A/c}& \text{Dr}& & 10,000& \\ & \text{To Purchase A/c}& & & & 10,000\\ & \text{(Purchase of furniture, wrongly debited}& & & & \\ & \text{to purchase account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(b)}& \text{Machinery A/c}& \text{Dr}& & 20,000& \\ & \text{To Purchase A/c}& & & & 20,000\\ & \text{(Purchase of machinery wrongly}& & & & \\ & \text{recorded through purchase book, now}& & & & \\ & \text{rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(c)}& \text{MachineryA/c}& \text{Dr}& & 1,400& \\ & \text{To Repair A/c}& & & & 1,400\\ & \text{(Repair of machinery wrongly debited to}& & & & \\ & \text{machinery account, now rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(d)}& \text{Repairs A/c}& \text{Dr}& & 2,000& \\ & \text{To Machinery A/c}& & & & 2,000\\ & \text{(Repairs on machinery was wrongly debited to}& & & & \\ & \text{machinery A/c (capital expenditure), now}& & & & \\ & \text{rectified)}& & & & \\ & \underset{–}{}& & & & \\ \text{(e)}& \text{Sales A/c}& \text{Dr}& & 3,000& \\ & \text{To machinery A/c}& & & & 3,000\\ & \text{(Machinery sold wrongly credited to}& & & & \\ & \text{sales account, now rectified)}& & & & \end{array}$