Question

Question 15.
Rectify the following errors:
(i) Sales to Vinod of ₹ 143 posted to his account as ₹ 134.
(ii) Sales to Vinod of ₹ 143 debited to his account as ₹ 134.
(iii) Sales to Vinod of ₹ 143 credited to his account as ₹ 134.

Answer 1

Answer:

Hope you have understood

Answer 2

The journal entries for rectifying the accounts are shown below:

Explanation:

The journal entries are as follows:

1.

Vinod A/c..........................................Dr   Rs 9

    To Suspense A/c............................Cr   Rs 9

Being Rs 9 was recorded less in the account of Vinod, now rectified

2.

Vinod A/c..........................................Dr   Rs 9

    To Suspense A/c............................Cr   Rs 9

Being Rs 9 less was recorded wrongly debited in the account of Vinod, now rectified

3.

Vinod A/c..........................................Dr   Rs 277

    To Suspense A/c............................Cr   Rs 277

Being Sales to Vinod account credited wrongly as Rs 134, now rectified

Working Note:

1. Amount = Rs 143 - Rs 134

= Rs 9

2. Amount = Rs 143 + Rs 134

= Rs 277