Question

Following are some accounting errors. Rectify them by passing journal entries. (i) Sales book is undercast by Rs.5,000 (ii) Sales return book is undercast by Rs. 500 (iii) Purchases book is overcast by Rs. 10,000 Gv) Salary of Rs.5,000 paid to Rahul was not posted to Salaries account.

Answer 1

suspense a/c dr 5000
to sales a/c 5000

(being the sales book undercast rectified)



2)sales returns a/c dr 500
to suspense a/c 500
(being sales book undercast rectified)


3)suspense a/c dr 10000
to purchases a/c 10000
(being purchases book overcast rectified)

4)Rahul a/c dr 5000
to salaries a/c 5000
(being salary paid to rahul)