Give journal entries to rectify the following errors:
i) Rs. 2,000 paid to Arun for salary were debited to his personal account.
ii) Rs. 1,000 paid for rent wrongly debited to landlord's A/c
iii)Goods amounting to Rs. 2,500 have been purchased on credit but no entry has been
made in the books.
(iv) Goods sold to Ramlal on credit for Rs. 3,000 was recorded in sales book as Rs. 300,
(v) No entry has been made for purchase returns of Rs. 100.
(vi) A credit purchase from Rajesh for Rs. 800 has been wrongly passed through the
sales book
Answers
Solution :-
i) Rs. 2,000 paid to Arun for salary were debited to his personal account.
Salary A/c Dr. Rs.2,000
To Arun Rs.2,000
★ It's the error of principle
ii) Rs. 1,000 paid for rent wrongly debited to landlord's A/c
Rent A/c Dr. Rs.1,000
To landlord's A/c. Rs.1,000
★ It's the error of principle
iii) Goods amounting to Rs. 2,500 have been purchased on credit but no entry has been made in the books.
Purchase A/c. Dr. Rs.2,500
To creditor A/c. Rs.2,500
★ It's the error of omission
iv) Goods sold to Ramlal on credit for Rs. 3,000 was recorded in sales book as Rs. 300
Ramlal Dr. Rs.2,700
To Sales A/c. Rs.2,700
★ It's the error of principle
v) No entry has been made for purchase returns of Rs. 100.
Creditor/cash A/c. Dr. Rs.100
To purchase return A/c. Rs.100
★ It's the error of omission
vi) A credit purchase from Rajesh for Rs. 800 has been wrongly passed through the sales book
Sales A/c Dr. Rs.800
Purchase A/c Dr. Rs.800
To Rajesh Rs.1,600
★ It's the compensating error