Question

Give the rectification Journal Entries for the following transactions.
(a) A builder's bill for 50,000 for creation of small shed for cycles was debited to Repairs Account.
(b) A bill of exchange (received from Prateek) for 25,000 had been returned by bank as dishonoured
and had been credited to Bank Account and debited to Bills Receivable Account.
(c) Purchase of goods from Vinod amounting to 6,000 has been wrongly passed through Sales Book.
(d) An amount of 53,600 due from Vrinda, which had been previously written off as bad debt, was
unexpectedly recovered, and has been posted to personal account of Vrinda.​

Answer 1

Explanation:

A.Cycle a/c. Dr. 50000

To Repairs a/c. 50000

C.Purchase a/c. Dr. 6000

sales a/c. Dr. 6000

To vinod's a/c. 6000

D.Bad debt Recover a/c Dr. 53600

To vrinda a/c. 53600

.