Question

Rectify the following errors :
(a) Sales book undercast by Rs.300.
(b) Purchases book undercast by Rs.400.
(c) Return Inwards book undercast by Rs.200.
(d) Return outwards book undercast by Rs.100.​

Answer 1

Answer :

Rectified Entries :

a ) Customer ac Dr. 300

To sales ac 300

( Sales Day book is undercast by ₹ 300 )

b ) Purchases ac Dr. 400

To supplier ac 400

( Purchase Day book is undercast by ₹ 400 )

c ) Sales Return ac Dr. 200

To Customer ac. 200

( Return inwards book undercast by ₹ 200 )

d ) Supplier ac Dr 100

To purchase Return ac. 100

( Return outwards book undercast by ₹ 100 )

Note :

• Return inwards = Sales Return

• Return Outwards = purchases Return

• Sales Overcast = In Debit side

• Sales Undercast = Credit Side

• Purchase Undercast = Debit side

• Purchase Overcast = Credit Side

• Sales Return Undercast = Debit side

• Sales Return Overcast = Credit Side

• Purcahse Return Undercast = Credit Side

• Purchase Return Overcast = Debit side