Question

Rectify the following errors:
(i) Total of one page of the Sales Book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587.
(ii) A cheque of ₹ 400 received from Mohan was dishonoured and had been posted to the debit side of the ‘Allowance Account’.
(iii) Return of goods worth ₹ 5,000 by a customer was entered in the Purchases Return Book.
(iv) Sum of ₹ 200 owed by ‘X’ has been included in the list of Sundry Creditors.
(v) Sale of old furniture worth ₹ 430 was credited to the Sales Account as ₹ 340.

Answer 1

Journal
Date	Particular		L.F.	Debit Amount Rs	Credit Amount Rs
(i)	Sales A/c	Dr.		198
	To Suspense A/c				198
	(Carry forwarding Rs 2,785 instead of Rs 2,587, now rectified)
(ii)	Mohan	Dr.		400
	To Allowance A/c				400
	(A Cheque received from Mohan was dishonoured but debited wrongly to Allowance’s Account, now rectified)
(iii)	Sale Return A/c	Dr.		5,000
	Purchases Return A/c	Dr.		5,000
	To Customer / Debtor				10,000
	(Goods return by a customer was recorded wrongly to Purchase Return Book, now rectified)
(iv)	Sundry Creditors	Dr.		200
	Sundry Debtors	Dr.		200
	To X				400
	(Amount owed by X was included in Sundry Creditors, now rectified)
(v)	Sales A/c	Dr.		340
	Suspense A/c	Dr.		90
	To Furniture A/c				430
	(Sale of Old furniture Rs 430 was wrongly debited to Sales Account for Rs 340, now rectified)