Question

Rectify the following errors:
(i) A purchase of ₹ 5,000 from Ram was omitted to be entered in the Purchases Book.
(ii) A credit sale of ₹ 257 to Messrs Goodluck & Co. was recorded as ₹ 275.
(iii) A purchase of office furniture for ₹ 500 from Salwan Furnitures was entered through the Purchases Book.
(iv) Rent paid to Landlord ₹ 500 was debited to his Personal Account.
(v) A debt balance of ₹ 2,000 on the Personal Account of Mr. John (correctly shown in the Ledger) has been omitted when extracting a Trial Balance.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Purchases A/c	Dr.		5,000
	To Ram				5,000
	(Purchases from Ram was omitted to be recorded , now recorded)
(ii)	Sales A/c	Dr.		18
	To M/s Good luck & Co				18
	( Sale of Goods Rs 257 to M/s Goodluck & Co was wrongly recorded as Rs 275, now rectified)
(iii)	Office Furniture A/c	Dr.		500
	To Purchase A/c				500
	(Purchases of Office furniture was wrongly recorded to Purchases Account, now rectified)
(iv)	Rent A/c	Dr.		500
	To Landlord				500
	(Rent paid was debited wrongly to Landlord Account, now rectified)
(v)	Drawing Account Rs 2,000 will be shown in the debit column of Trial Balance