Question

Rectify the following errors :
(a) Furniture purchased for Rs. 10,000 wrongly debited to purchases
account.
(b) Machinery purchased on credit from Raman for Rs. 20,000 was
recorded through purchases book.
(c) Repairs on machinery Rs. 1,400 debited to machinery account,
(d) Repairs on overhauling of secondhand machinery purchased Rs. 2,000
was debited to Repairs account.
(e) Sale of old machinery at book value of Rs. 3,000 was credited to sales account.​

Answer 1

Answer:

Journal

a) Furniture account. dr. 10000

To Purchase account. 10000

b) Machinery account. dr 20000

To Purchase account. 20000

c) Repairs account. dr. 1400

To Machinery account. 1400

d) Machinery account. dr 2000

To Repair account. 2000

e) Sales account. dr 3000

To old machinery account. 3000