Question

Rectify the following errors:
(i) Credit sales to Mridula ₹ 5,000 were recorded as ₹ 5,400.
(ii) Credit purchases from Nayna ₹ 8,000 were recorded as ₹ 8,800.
(iii) Goods returned to Priya ₹ 12,000 were recorded as ₹ 12,200.
(iv) Goods returned from Rashi ₹ 10,000 were recorded as ₹ 11,000.

Answer 1

Two Sided Errors

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
i)	Sales A/c	Dr.		400
	To Mridula’s A/c				400
	(Credit sales to Mridula were recorded as Rs 5,400 instead of Rs 5,000)
ii)	Nayna’s A/c	Dr.		800
	To Purchases A/c				800
	(Credit purchases from Nayna were recorded as Rs 8,800 instead of Rs 8,000)
iii)	Purchases Return A/c	Dr.		200
	To Priya’s A/c				200
	(Goods returned to Priya were recorded as Rs 12,200 instead of Rs 12,000)
iv)	Rashi’s A/c	Dr.		1,000
	To Sales Return A/c				1,000
	(Goods returned from Rashi were recorded as Rs 11,000 instead of Rs 10,000)