Question 18.
Correct the following errors in Hari’s Books:
(i) Credit sale of ₹ 132 to R. Krishan correctly entered in Sales Journal but posted to his account as ₹ 312.
(ii) The total of the credit side of Ramesh’s Account was overcast by ₹ 2,000.
(iii) Total of the Purchases Journal of ₹ 5,250 has been posted to Purchases Account as ₹ 5,205.
(iv) Printer purchased from R. Ltd. for ₹ 4,000 on credit was entered in the Purchases Book.
(v) An item of ₹ 2,000 entered in the Sales Return Book was posted to the debit of Pandey who had returned the goods.
Answers
Answer:
(1) sales ac Dr 180
to r. krishna ac 180
(credit sales of 132 wrongly entered as 312)
(2)
The journal entries for the following are shown below:
Explanation:
The journal entries are as follows:
1.
Suspense A/c..........................Dr Rs 180
To R. Krishan A/c...................Cr Rs 180
Being credit sale posted with wrong amount, now rectified.
2.
Ramesh A/c......................Dr Rs 2,000
To Suspense A/c...........Cr Rs 2,000
Being credit side of the Ramesh Account was overstated, now rectified.
3.
Purchases A/c......................Dr Rs 45
To Suspense A/c................Cr Rs 45
Being total of purchase account posted less by Rs 45, now rectified.
4.
Printer A/c..................................Dr Rs 4,000
To Purchases A/c....................Cr Rs 4,000
Being printer purchased posted wrongly to purchase account, now rectified.
5.
Suspense A/c..........................Dr Rs 2,000
To Pandey's A/c...................Cr Rs 2,000
Being entry posted to wrong account, now rectified.
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