Question

Rectify the following errors assuming that there is no Suspense Account:
(i) Salary of ₹ 5,000 paid to Rahul was not posted to Salaries Account.
(ii) Sales to Amrish of ₹ 1,430 posted to his account as ₹ 1,340.
(iii) Sales to Vijay of ₹ 2,470 posted to his account as ₹ 2,740.
(iv) Purchases from Pal of ₹ 1,430 posted to his account as ₹ 1,340.

Answer 1

(i) Salary of Rs.5, 000 paid to Rahul was not posted to Salary A/c

Salaries Account
Dr.					Cr.
Particulars		Amount (Rs)	Particulars	Amount (Rs)
Cash A/c		5,000

(ii) Sales to Amrish of Rs 1,430 posted to his account as Rs 1,340

Amrish’s Account
Dr.					Cr.
Particulars		Amount (Rs)	Particulars	Amount (Rs)
Sales A/c		90

(iii) Sales to Vijay of Rs 2,470 posted to his account as Rs 2,740

Vijay’s Account
Dr.					Cr.
Particulars		Amount (Rs)	Particulars	Amount (Rs)
			Sales A/c	270

(iv) Purchases from Pal of Rs1,430 posted to his account as Rs 1,340

Pal’s Account
Dr.					Cr.
Particulars		Amount (Rs)	Particulars	Amount (Rs)
			Purchases A/c	90