Question

Rectify the following errors :
a) Salary paid ₹5,000 was debited to employee’s personal account.
b) Rent paid ₹4,000 was posted to landlord’s personal account.
c) Goods withdrawn by proprietor for personal use ₹1,000 were debited to sundry expenses
account.
d) Cash received from Kohli ₹2,000 was posted to Kapur’s account.
e) Cash paid to Babu ₹1,500 was posted to Sabu’s account.
f) Credit sales to Mohan ₹ 7,000 were not recorded.

Answer 1

Answer:

Explanation:

The correct entries will be as under:-

a)  Salaries A/c Dr    5,000.00

        To employee's personal account       5,000.00

    (Being salary paid ₹5,000 was debited to employee’s personal account, now corrected)

b)  Rent A/c Dr     4,000.00

        To Landlord personal a/c      4,000.00

   (being rent paid ₹4,000 was posted to landlord’s personal account, now corrected)

c)  Drawings A/c Dr Rs.1,000.00

   To Sundry expenses a/c    1,000.00

(being Goods withdrawn by proprietor for personal use ₹1,000 were debited to sundry expenses account, now corrected)

d) Kapoor's a/c Dr  2,000.00

     To Kohli's A/c           2,000.00

(being cash received from Kohli ₹2,000 was posted to Kapur’s account, now corrected, however, cash a/c was correctly posted)

e)  Sabu's A/c Dr  1,500.00

      To Babu's A/c     1,500.00

(being cash paid to Babu ₹1,500 was posted to Sabu’s account, now corrected, However, cash account was correctly posted)

f) Mohan's a/c Dr 7,000.00

     To sales a/c      7,000.00

(being credit sales to Mohan ₹ 7,000 were not recorded, now recorded)