Question

amount of rupees 80 paid for wages was posted twice to the debit of wages account. rectify the journal entries​

Answer 1

Solution :-

The question is from rectification of errors.

There are four types of errors :-

1. Errors of Omission
2. Errors of principal
3. Errors of Commission
4. Compensating Errors

Above case is error in commission.

It is given in the question that amount of Rs.80 paid for wages was posted twice to the debit of wages

Rectify entry :-

Suspense A/c Dr. Rs.80

To wages Rs.80

Suspense account is used for rectifying all One-sided errors which affect the trial balance.

Answer 2

Answer:

Two-Sided Errors

 

Journal  

Date  Particulars  L.F.  Debit Amount (Rs)  Credit Amount (Rs)

i)  Mridula’s A/c  Dr.     5,000    

   

To Sales A/c

         5,000

  (Credit sales to Mridula were omitted to be recorded)          

               

ii)  Purchases A/c  Dr.     8,000    

   

To Nayna’s A/c

         8,000

  (Credit purchases from Nayna were omitted to be recorded)          

               

iii)  Priya’s A/c  Dr.     12,000    

   

To Purchases Return A/c

         12,000

  (Goods returned to Priya were omitted to be recorded)          

               

iv)  Sales Return A/c  Dr.     10,000    

   

To Rashi’s A/c

         10,000

  (Goods returned from Rashi were omitted to be recorded)          

       

Explanation: