Question

Rectify the following errors:

1. Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.
2. Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.
3. Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400.
4. Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 100.

Answer 1

Journal Entries
S.No.	Particulars	L.F.	Debit Amount (₹)	Credit Amount (₹)
(i)	Mohan   ...Dr.		6,300	-
	To Sales A/c		-	6,300
	(Goods sold to Mohan ₹ 7,000 were recorded as ₹ 700, now rectified)
(ii)	Purchases A/c    ...Dr.		8,100	-
	To Rohan		-	8,100
	(Goods purchased from Rohan ₹ 9,000 were recorded as ₹ 900, now rectified)
(iii)	Rakesh     ...Dr.		3,600	-
	To Purchases Return A/c		-	3,600
	(Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 400, now rectified)
(iv)	Sales Return A/c      ...Dr.		900	-
	To Mahesh		-	900
	(Goods returned from Mahesh ₹ 1,000 were not recorded as ₹ 100, now rectified)