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Question
Rectify the following errors:
1. Paid Rent ₹ 2,000/- to Nikhil has been debited to his personal account.
2. Total of the Sales Return Book is wrongly taken more by ₹ 200/-
3. Goods sold to Dhanraj ₹ 6,500/- on credit were not posted to his personal account.
4. Old Computer purchased was debited to Repairs account ₹ 8,000/-
5. Repairs to Furniture of ₹ 500/- have been debited to Furniture account.
Solution
| Journal Proper | ||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| (1) | Rent A/c ...Dr. | 2,000 | ||
| To Nikhil A/c | 2,000 | |||
| (Being rent paid to Nikhil debited to his personal account, now rectified) | ||||
| (2) | No journal entry is required as it is affecting only one account. It is rectified by crediting sales return A/c with ₹ 200. | |||
| (3) | No journal entry is required as it is affecting only one account. It is rectified by debiting Dhanraj's A/c with ₹ 6,500. | |||
| (4) | Computer A/c ...Dr. | 8,000 | ||
| To Repairs A/c | 8,000 | |||
| (Being purchase of old computer debited to repairs account, now rectified) | ||||
| (5) | Repairs to Furniture A/c ...Dr. | 500 | ||
| To Furniture A/c | 500 | |||
| (Being repairs to furniture debited to furniture A/c, now rectified) | ||||
| Total (₹) | 10,500 | 10,500 | ||
Working Note:
| Sr. No. | Wrong Entry | Reverse Entry | Correct Entry | Rectifying Entry |
| (1) | Nikhil A/c ...Dr. 2,000 To Cash A/c 2,000 |
Cash A/c ...Dr. 2,000 T o Nikhil A/c 2,000 |
Rent A/c ...Dr. 2,000 To Cash A/c 2,000 |
Rent A/c ...Dr. 2,000 To Nikhil A/c 2,000 |
| (3) | ______ ...Dr. To Sales A/c 6,500 |
Sales A/c ...Dr. 6,500 To______ |
Dhanraj's A/c ...Dr. 6,500 To Sales A/c 6,500 |
Dhanraj's A/c ...Dr. 6,500 |
| (4) | Repairs A/c ...Dr. 8,000 To Cash A/c 8,000 |
Cash A/c ...Dr. 8,000 To Repairs A/c 8,000 |
Computer A/c ...Dr. 8,000 To Cash A/c 8,000 |
Computer A/c ...Dr. 8,000 To Repairs A/c 8,000 |
| (5) | Furniture A/c ...Dr. 500 To Cash A/c 500 |
Cash A/c ...Dr. 500 To Furniture A/c 500 | Repairs to furniture A/c ...Dr. 500 To Cash A/c 500 |
Repairs to furniture A/c ...Dr. 500 To Furniture A/c 500 |
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