Question

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

Answer 1

Journal
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(i)	Sales A/c Dr.		200
	To Mohan			200
	(Goods sold to Mohan ₹ 7,000 were recorded as ₹ 7,200, now rectified)
(ii)	Rohan Dr.		900
	To Purchases A/c			900
	(Goods purchased from Rohan ₹ 9,000 were recorded as ₹ 9,900, now rectified)
(iii)	Purchases Return A/c Dr.		40	40
	To Rakesh
	(Goods returned to Rakesh ₹ 4,000 were recorded as ₹ 4,040 now rectified)
(iv)	Mahesh Dr.		600
	To Sales Return A/c			600
	(Goods returned from Mahesh ₹ 1,000 were recorded as ₹ 1,600, now rectified)