The Total solution for NCERT class 6-12
Journal Recordings to rectify the errors
Date
Particulars
L.F
Debit Amount ₹
Credit Amount ₹
i.
Furniture A/c Dr.
10,000
To Purchases A/c
(Furniture purchased, Error rectification recording, was wrongly debited to Purchases account)
ii.
Machinery A/c Dr.
20,000
(Machinery purchased on credit, Error rectification recording, was wrongly debited to purchases account)
iii.
Repairs on Machinery A/c Dr.
1,400
To Machinery A/c
(Repairs on machinery, Error rectification recording, was wrongly debited to machinery account)
iv.
2,000
To Repairs A/c
(Repairs on overhauling of second hand machinery purchased, Error rectification recording, was wrongly debited to repairs account)
v.
Sales A/c Dr.
3,000
(Sale of old machinery on book value, Error rectification recording, was wrongly credited to sales account)