Question

Rectify the following errors:
(i) Sale of old furniture worth ₹ 3,000 treated as sales of goods.
(ii) Sales Book added ₹ 5,000 short.
(iii) Rent of proprietor’s residence, ₹ 6,500 debited to Rent Account.
(iv) Goods worth ₹ 11,970 returned by Manav posted to his debit as ₹ 11,790.

Answer 1

Journal
Date	Particulars		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Sales A/c	Dr.		3,000
	To Furniture A/c				3,000
	(Sale of old Furniture was wrongly treated as Sales of Goods, now rectified)
(ii)	Suspense A/c	Dr.		5,000
	To Sales A/c				5,000
	(Sales Book was undercast, now rectified)
(iii)	Drawings A/c	Dr.		6,500
	To Rent A/c				6,500
	(Rent of proprietor’s residence was wrongly debited to Rent Account, now rectified)
(iv)	Suspense A/c	Dr.		23,760
	To Manav				23,760
	(Goods returned by Manav Rs 11,970 was wrongly posted to the debit of his account as Rs 11,790, now rectified)