Rectify the following errors -
1) Credit sales to MohanRs7000 posted to Karan as Rs5000.
2) Total of returns inward book rs2800 posted to purchases a/c .
3) Old machinery sold for Rs 2000 to Manish recorded through sales book as Rs1800.
4) Goods returned to raiRs3000 recorded through sales book as rs 1000 .
5) Furniture purchased from VisheshRs 6000 was recorded through purchases book as Rs 5000 and posted to credit of vishesh as Rs 2000 .

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Solution

Dear Student,

The rectified entries are given below.

Journal

Date Particulars L.F. Debit
Amount
(Rs) Credit
Amount
(Rs)

1) Mohan Dr. 7,000

To Karan 5,000

To Sales A/c 2,000

(Credit sales to Mohan for Rs 7,000 posted to Karan as Rs 5,000, now rectified)

2) Returns Inward A/c Dr. 2,800

To Purchases A/c 2,800

(Total of Returns Inward Book Rs 2,800 posted to Purchases A/c , now rectified)

3) Sales A/c Dr. 1,800

Manish Dr. 200

To Machinery A/c 2,000

(Old machinery sold for Rs 2,000 to Manish recorded through Sales Book as Rs 1,800, now rectified)

4) Sales A/c Dr. 1,000

Rai Dr. 2,000

To Purchases Return A/c 3,000

(Goods returned to Rai Rs 3,000 recorded through Sales Book as Rs 1,000, now rectified)

5) Furniture A/c Dr. 6,000

Suspense A/c Dr. 3,000

To Purchases A/c 5,000

To Vishesh 4,000

(Furniture purchased from Vishesh Rs 6,000 was recorded through Purchases Book as Rs 5,000 and posted to credit of Vishesh as Rs 2,000, now rectified)

Suggest Corrections

Similar questions

Trial balance of Khatau did not agree. He put the difference to a suspense account and discovered the following errors.

(a) Credit sales to Manas Rs. 16,000 were recorded in the purchase book as Rs. 10,000 and posted to the debit of Manas as Rs. 1,000.

(b) Furniture purchased from Noor Rs. 6,000 was recorded through purchase book as Rs. 5,000 and posted to the debit of Noor Rs. 2,000.

(d) Old machinery sold for Rs. 2,000 to Maneesh recorded through sales book as Rs. 1,800 and posted to the credit of Manish as Rs. 1,200.

(e) Total of return inwards book Rs. 2,800 posted to purchase account.

Rectify the above errors and prepare a suspense account to ascertain the difference in trial balance.

Trial balance of Khatau did not agree. He put the difference to suspense account and discovered the following errors:

(a)	Credit sales to Manas Rs 16,000 were recorded in the purchases book as Rs 10,000 and posted to the debit of Manas as Rs 1,000.
(b)	Furniture purchased from Noor Rs 6,000 was recorded through purchases book as Rs 5,000 and posted to the debit of Noor Rs 2,000.
(c)	Goods returned to Rai Rs 3,000 recorded through the Sales book as Rs 1,000.
(d)	Old machinery sold for Rs 2,000 to Maneesh recorded through sales book as Rs 1,800 and posted to the credit of Manish as Rs 1,200.
(e)	Total of Returns inwards book Rs 2,800 posted to Purchase account.

Rectify the above errors and prepare suspense account to ascertain the difference in trial balance.

Rectify the following errors

(i) Credit sales to Mohan Rs. 7,000 were recorded as Rs. 700.

(ii) Credit purchase from Rohan Rs. 9,000 were recorded as Rs. 900.

(iii) Goods returned to Rakesh Rs. 4,000 were recorded as Rs. 400.

(iv) Goods returned from Mahesh Rs. 1,000 were recorded as Rs. 100.

(v) Furniture purchased on credit from kartik for Rs. 60,000 posted as Rs. 6,000.

(vi) Furniture purchased on credit from Kartik for Rs. 60,000. posted to Jatin's account.

(vii) Furniture purchased on credit from Kartik for Rs. 60,000 posted to machinery account.

Trial balance of Radhika did not agree. Radhika put the difference to suspense account. subsequently she located the following errors.

1) Furniture purchased for Rs 6,000 was posted to purchases account as Rs 600.
2) Repairs to Machinerry Rs 500 were debited to Machinery account.
3) Wages paid for installation of Machinery Rs 750 was posted to wages account.
4) Purchased material Rs 8,000 and wages Rs 2,000 were used for construction of building not recorded in the books.
5) Total of sales returns book Rs 2,000 was not posted to the ledger.
6) Old Furniture sold to Dinesh at its book value of Rs 2,500 was recorded through sales book.

Rectify the following errors:

(a)	Credit Sales to Mohan Rs 7,000 were recorded in purchases book.
(b)	Credit Purchases from Rohan Rs 900 were recorded in sales book.
(c)	Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.
(d)	Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.
(e)	Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

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Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

1)	Mohan	Dr.		7,000
	To Karan				5,000
	To Sales A/c				2,000
	(Credit sales to Mohan for Rs 7,000 posted to Karan as Rs 5,000, now rectified)

2)	Returns Inward A/c	Dr.		2,800
	To Purchases A/c				2,800
	(Total of Returns Inward Book Rs 2,800 posted to Purchases A/c , now rectified)

3)	Sales A/c	Dr.		1,800
	Manish	Dr.		200
	To Machinery A/c				2,000
	(Old machinery sold for Rs 2,000 to Manish recorded through Sales Book as Rs 1,800, now rectified)

4)	Sales A/c	Dr.		1,000
	Rai	Dr.		2,000
	To Purchases Return A/c				3,000
	(Goods returned to Rai Rs 3,000 recorded through Sales Book as Rs 1,000, now rectified)

5)	Furniture A/c	Dr.		6,000
	Suspense A/c	Dr.		3,000
	To Purchases A/c				5,000
	To Vishesh				4,000
	(Furniture purchased from Vishesh Rs 6,000 was recorded through Purchases Book as Rs 5,000 and posted to credit of Vishesh as Rs 2,000, now rectified)