Question

Rectify the following errors:
(i) Credit sales to Mridula ₹ 5,000 were recorded as ₹ 500.
(ii) Credit purchases from Nayna ₹ 8,000 were recorded as ₹ 800.
(iii) Goods returned to Priya ₹ 12,000 were recorded as ₹ 1,200.
(iv) Goods returned from Rashi ₹ 10,000 were recorded as ₹ 1,000.

Answer 1

Two Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
i)	Mridula’s A/c	Dr.		4,500
	To Sales A/c				4,500
	(Credit sales to Mridula were recorded as Rs 500 instead of Rs 5,000)
ii)	Purchases A/c	Dr.		7,200
	To Nayna’s A/c				7,200
	(Credit purchases from Nayna were recorded as Rs 800 instead of Rs 8,000)
iii)	Priya’s A/c	Dr.		10,800
	To Purchases Return A/c				10,800
	(Goods returned to Priya were recorded as Rs 1,200 instead of Rs 12,000)
iv)	Sales Return A/c	Dr.		9,000
	To Rashi’s A/c				9,000
	(Goods returned from Rashi were recorded as Rs 1,000 instead of Rs 10,000)