Rectify the following errors:
(i)The sales book has been under cast by ₹ 700
(ii) Cash paid to kamal ₹ 1,200 has not been posted to his account.
(iii) Credit purchase from Aryan ₹ 9,000 were recorded as ₹ 900.
(iv) Goods returned from Shyam ₹ 1,000 were recorded as ₹ 100
(v) Goods purchased on credit from Pawan for ₹ 400 was recorded as ₹ 4,000 in the purchase book
(vi) A payment to ankit of ₹ 780 was recorded as ₹ 870.
(vii) Sales of Furniture to Hari for ₹ 2,659 recorded as ₹ 2,569
(viii) Purchase of machinery from Akbar for ₹ 1,52,225 was recorded as₹ 1,25,225
Answers
Answer:
Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)
i) Sales A/c Dr. 400
To Mridula’s A/c
400
(Credit sales to Mridula were recorded as Rs 5,400 instead of Rs 5,000)
ii) Nayna’s A/c Dr. 800
To Purchases A/c
800
(Credit purchases from Nayna were recorded as Rs 8,800 instead of Rs 8,000)
iii) Purchases Return A/c Dr. 200
To Priya’s A/c
200
(Goods returned to Priya were recorded as Rs 12,200 instead of Rs 12,000)
iv) Rashi’s A/c Dr. 1,000
To Sales Return A/c
1,000
(Goods returned from Rashi were recorded as Rs 11,000 instead of Rs 10,000)
Answer:
Explanation:
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- Suspense a/c dr. 700
To Sales a/c cr. 700
(sales day book is undercast
by 700 , now rectified)
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- Kamal a/c dr. 1200
To Suspense a/c cr. 1200
(Cash paid to Kamal ₹ 1,200 has
not been posted to his account)
--------------------------------------------
- Purchase a/c dr. 8100
To Aryan a/c cr. 8100
(Credit purchase from Aryan
9,000 were recorded as ₹ 900.)
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- Return inwards a/c dr. 900
To Shyam a/c cr. 900
(Goods returned from Shyam
₹ 1,000 were recorded as ₹ 100)
Suspense a/c dr. 3600
To Purchase a/c cr. 3.600
(Goods purchased on credit from
Pawan for ₹ 400 was recorded
as ₹ 4,000 in the purchase book)
--------------------------------------------
- Ankit a/c dr.90
To Cash a/c cr.90
(A payment to Ankit of ₹ 780
was recorded as ₹ 870)
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- Hari a/c dr. 90
To Furniture a/c cr. 90
(Sales of Furniture to Hari
for ₹ 2,659 recorded as ₹ 2,569)
--------------------------------------------
- Machinery a/c dr. 27000
To Akbar a/c cr. 27000
(Purchase of machinery from Akbar
for ₹ 1,52,225 was recorded
as₹ 1,25,225)
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