Question

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.

Answer 1

$\begin{array}{ccccc}\text{Date}& \text{Particulars}& \text{LF}& \text{Amt (Dr)}& \text{Amt (Cr)}\\ \text{(i)}& \text{Mohan's A/c}Dr& & 6,300& \\ & \text{To Sales A/c}& & & 6,300\\ & \text{(Goods sold to Mohan for Rs.}& & & \\ & \underset{–}{\text{7,000 recorded as Rs. 700 now rectified)}}& & & \\ \text{(ii)}& \text{Purchases A/c}Dr& & 8,100& \\ & \text{To Rohan's A/c}& & & 8,100\\ & \text{(Goods purchased from Rohan on}& & & \\ & \text{credit for Rs. 9,000 recorded as Rs. 900,}& & & \\ & \underset{–}{\text{now recitified)}}& & & \\ \text{(iii)}& \text{Rakesh's A/c}Dr& & 3,600& \\ & \text{To Purchases Return A/c}& & & 3,600\\ & \text{(Goods returned to Rakesh Rs. 4,000}& & & \\ & \underset{–}{\text{recorded as Rs. 400. now recitified)}}& & & \\ \text{(iv)}& \text{Sales Return A/c}Dr& & 900& \\ & \text{To Mahesh's A/c}& & & 900\\ & \text{(Goods returned by Mahesh Rs.1,000}& & & \\ & \underset{–}{\text{recorded as Rs. 100, now rectified)}}& & & \\ \text{(v)}& \text{Furniture A/c}Dr& & 54,000& \\ & \text{To Kartik's A/c}& & & 54,000\\ & \text{(The error in posting of amount,}& & & \\ & \underset{–}{\text{now rectified)}}& & & \\ \text{(vi)}& \text{Jatin's A/c}Dr& & 60,000& \\ & \text{To Kartik's A/c}& & & 60,000\\ & \text{(The error in posting to wrong}& & & \\ & \underset{–}{\text{account, now rectified)}}& & & \\ \text{(vii)}& \text{Furniture A/c}Dr& & 60,000& \\ & \text{To Machinery A/c}& & & 60,000\\ & \text{(The error in posting furniture to}& & & \\ & \text{wrong account, now rectified)}& & & \end{array}$