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Question -

Rectify the following errors:
(i) Credit sales to Mohan Rs 7,000 were recorded as Rs 7,200.
(ii) Credit purchases from Rohan Rs 9,000 were recorded as Rs 9,900.
(iii) Goods returned to Rakesh Rs 4,000 were recorded as Rs 4,040.
(iv) Goods returned from Mahesh Rs 1,000 were recorded as Rs 1,600.



Answer -

Journal Recordings to rectify the errors

 

Date

Particulars

L.F

Debit
Amount

Credit
Amount

i.

Sales A/c Dr.

200

To Mohan’s A/c

(Credit Sales to Mohan, Error rectification recording, ₹ 6,000 was recorded as ₹ 6,200)

200

ii.

Rohan’s A/c Dr.

900

To Purchases A/c

(Goods purchased from Rohan, Error rectification recording, ₹ 9,000 was recorded as ₹ 9,900)

900

iii.

Purchases Return A/c Dr.

40

To Rakesh’s A/c

(Goods returned to Rakesh, Error rectification recording, ₹ 4,040 was recorded as ₹ 4,000)

40

iv

Mahesh’s A/c Dr.

600

To Sales return A/c

(Goods returned from Mahesh, Error rectification recording, ₹ 1,000 was recorded as ₹ 1,600)

600

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