Question

Rectify the following errors by means of Journal entries:
(i) A cheque of ₹ 5,000 received from Ashish was dishonoured and was debited to Discount Account.
(ii) Purchase of ₹ 540 from Ramneek was written in Sales day book, but was correctly posted to correct side of Ramneek’s Account.
(iii) Salary paid to Miss Yugakshi ₹ 1,000 was debited to her personal account as ₹ 900.
(iv) Furniture costing ₹ 500, purchased from Jyoti, was wrongly entered in Purchase book as ₹ 450.

Answer 1

One Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
i)	Ashish’s A/c	Dr.		5,000
	To Discount A/c				5,000
	(Cheque received from Ashish dishonoured and debited to Discount Account)
ii)	Purchases A/c	Dr.		540
	Sales A/c	Dr.		540
	To Suspense A/c				1,080
	(Purchases recorded in Sales Book)
iii)	Salaries A/c	Dr.		1,000
	To Yugakshi’s A/c				900
	To Suspense A/c				100
	(Payment of salary debited to personal account of Yugakshi)
iv)	Furniture A/c	Dr.		500
	To Purchases A/c	Dr.			450
	To Jyoti’s A/c				50
	(Furniture purchased from Jyoti entered in Purchases Book)