Question

Rectify the following errors:

(i) Repairs made on Building for Rs 1,00,000 were debited to Building a/c.
(ii) Rent paid Rs 12,000 to Landlord was debited to Landlord a/c.
(iii) Wages paid for installation of Machinery of Rs 7,000 was debited to Wages a/c.
(iv) Salary paid to Accountant (Mr. Ram) on Rs 15,000 was debited to Ram a/c.
(v) Rs 32,000 paid for purchase of Computer was charged to Office Expenses a/c.
(vi) Amount of Rs 7,500 withdrawn by proprietor for personal use was debited to Miscellaneous Expenses a/c.

Answer 1

$\text{Rectification Journal Entries}\begin{array}{ccccc}\text{Date}& \text{Particulars}& \text{L.F.}& \text{Amount}& \text{Amount}\\ & & & \text{Dr.(Rs)}& \text{Cr.(Rs)}\\ \text{(i)}& \text{Repairs A/c}\text{Dr.}& & 1,00,000& \\ & \text{To Building A/c}& & & 1,00,000\\ & \text{(Being amount of repairs paid, wrongly debited)}& & & \\ & \underset{–}{\text{to Building A/c, now corrected}}& & & \\ \text{(ii)}& \text{Rent A/c}\text{Dr.}& & 12,000& \\ & \text{To Landlord A/c}& & & 12,000\\ & \text{(Being rent paid, wrongly debited to Landlord's)}& & & \\ & \underset{–}{\text{A/c, now rectified}}& & & \\ \text{(iii)}& \text{Machinery A/c}\text{Dr.}& & 7,000& \\ & \text{To Wages A/c}& & & 7,000\\ & \text{(Being wages for installation of machinery)}& & & \\ & \text{purchased, wrongly debited to wages A/c,}& & & \\ & \underset{–}{\text{now corrected}}& & & \\ \text{(iv)}& \text{Salary A/c}\text{Dr.}& & 15,000& \\ & \text{To Ram's A/c}& & & 15,000\\ & \text{(Being salary paid to Accountant Ram,)}& & & \\ & \text{wrongly debited to his personal account,}& & & \\ & \underset{–}{\text{now corrected}}& & & \\ \text{(v)}& \text{Computer A/c}\text{Dr.}& & 32,000& \\ & \text{To Office Expenses A/c}& & & 32,000\\ & \text{(Being amount of Computers purchased)}& & & \\ & \text{wrongly debited to Office Expenses A/c,}& & & \\ & \underset{–}{\text{now corrected}}& & & \\ \text{(vi)}& \text{Drawings A/c}\text{Dr.}& & 7,500& \\ & \text{To Miscellaneous Expenses A/c}& & & 7,500\\ & \text{(Being amount withdrawn by proprietor,)}& & & \\ & \text{wrongly debited to expenses A/c, now}& & & \\ & \text{corrected}& & & \end{array}$