Question

Question 13.
Rectify the following errors:
(i) Purchases Book is overcast by ₹ 500.
(ii) Salary paid to an employee, Mr. Ajay, is debited to his Personal account ₹ 3,000.
(iii) Goods sold to Shashi on credit ₹ 300 have been wrongly passed through the Purchases Book.
(iv) Total of returns inward has been added ₹ 9 short.
(v) Purchase of chair from Happy Traders for ₹ 35 has been entered in the Purchases Books as ₹ 53.

Answer 1

Answer:

Hope you have understood

Answer 2

The correct journal entries are -

1) Suspense A/c Dr. 500

To Purchase A/c 500

( Being purchase book was overcast, now rectified)

2) Salaries A/c Dr. 3,000

To Mr. Ajay A/c 3,000

( Being salary paid to Mr. Ajay, debited wrongly now rectified)

3) Shashi A/c Dr. 600

To Sales A/c 300

To Purchases A/c 300

( Being goods to Shashi, wrongly passed through purchase book now rectified)

4) Suspense A/c Dr. 500

To Purchase A/c 500

( Being purchase book was overcast, now rectified)

5) Furniture A/c Dr. 35

Happy Traders A/c Dr 18

To Purchase A/c 53

( Being purchase of chair Rs 35, recorded as Rs 53, now rectified)