Question

Question 19.
Rectify the following errors:
(i) A purchase of ₹ 5,000 from Ram was omitted to be entered in the Purchases Book.
(ii) A credit sale of ₹ 257 to Messrs Goodluck & Co. was recorded as ₹ 275.
(iii) A purchase of office furniture for ₹ 500 from Salwan Furnitures was entered through the Purchases Book.
(iv) Rent paid to Landlord ₹ 500 was debited to his Personal Account.
(v) A debt balance of ₹ 2,000 on the Personal Account of Mr. John (correctly shown in the Ledger) has been omitted when extracting a Trial Balance.

Answer 1

The correct journal entries are -

1) Purchases A/c Dr, 5000

To Ram A/c 5000

( Being purchases from Ram was omitted, now rectified)

2) Sales A/c Dr  18

To Messrs Goodluck & Co.  18

( Being sale of goods of 257 wrongly recorded as 275, now rectified)

3) Office furniture A/c Dr 500

To purchases A/c 500

( Being purchases of office furniture was wrongly recorded, now rectified)

4) Rent A/c 500

To Landlord A.c 500

( Being rent paid was wrongly debited, now rectified)

5) Showing Rs. 2000 in the Trial balance on debit side.