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.
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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
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