MENU
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

┬а

Date

Particulars

L.F

Debit
Amount
тВ╣

Credit
Amount
тВ╣

i.

Sales A/c Dr.

200

To MohanтАЩs A/c

(Credit Sales to Mohan, Error rectification recording, тВ╣┬а6,000 was recorded as тВ╣┬а6,200)

200

ii.

RohanтАЩs A/c Dr.

900

To Purchases A/c

(Goods purchased from Rohan, Error rectification recording, тВ╣┬а9,000 was recorded as тВ╣┬а9,900)

900

iii.

Purchases Return A/c Dr.

40

To RakeshтАЩs A/c

(Goods returned to Rakesh, Error rectification recording, тВ╣┬а4,040 was recorded as тВ╣┬а4,000)

40

iv

MaheshтАЩs A/c Dr.

600

To Sales return A/c

(Goods returned from Mahesh, Error rectification recording, тВ╣┬а1,000 was recorded as тВ╣┬а1,600)

600

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
NodeJS Interview Questions Answers
ASP.Net Interview Questions Answers
Interview Questions Answers
×