Question

Rectify the following errors:
(i) Purchases Book has been undercast by ₹ 1,000.
(ii) Credit sale to Anu Prakash ₹ 7,000 was recorded in Purchases Book.
(iii) Credit sale to Rahul ₹ 7,000 was recorded as ₹ 700.

Answer 1

Journal
Date	Particulars			L.F.	Debit Amount (Rs)	Credit Amount (Rs)
(i)	Purchases A/c		Dr.		1,000
		To Suspense A/c				1,000
	(Purchases Book was undercasted by Rs 1,000, now rectified)
(ii)	Aru Prakash’s A/c		Dr.		14,000
		To Sales A/c				7,000
		To Purchases A/c				7,000
	(Sales to Aru Prakash was recorded in Purchases Book, now rectified)
(iii)	Rahul’s A/c		Dr.		6,300
		To Sales A/c				6,300
	(Sales to Rahul Rs 7,000 was recorded as Rs 700, now rectified)

Note:In the book, this transaction is incomplete, thus it has been assumed that ‘Credit sales to Rahul was recorded as Rs 700 instead of Rs 7,000’.