Question

rectify the following error by passing entries (1) sales of goods rs. 5000 to mohan were recorded purchase book. (2) return inward book has been wrongly undercast by rs 400. (3) an old machine was sold for rs. 6000 was entered in sales book.

Answer 1

1-wrong entry
Purchase 5000
To mohan. 5000
Reverse the entry
Mohan 5000
To purchase. 5000
Correct entry
Mohan 5000
To sales. 5000
Rectified entry
Mohan. 10000
To purchase. 5000
To sales. 5000

2-
Inward 400
To suspense. 400

3-wrong entry
Bank. 6000
To sales. 6000
Reversed entry
Sales 6000
To bank. 6000
Correct entry
Bank. 6000
To machine 6000
Rectified entry
Sales 6000
To machinery 6000