Question

Rectify the following errors:
1. Salary paid to Pravin was wrongly debited to his personal account ₹ 6,500/-
2. Cash Purchases ₹ 12,000/- from Siddhant Traders was debited to Siddhant Trader Account.
3. Paid Rent ₹ 5,000 to landlord Shantilal was debited to his personal account.
4. Received interest ₹ 700 from Bank was wrongly credited to Bank Account.
5. Advertisement expenses ₹ 5,000/- paid to Times of India was debited to Times of India.

Answer 1

Journal Proper
Date	Particulars	L.F.	Debit (₹)	Credit (₹)
(1)	Salaries A/c     ...Dr.		6,500
	To Pravin A/c			6,500
	(Being salaries paid to Pravin debited to his personal account, now rectified)
(2)	Purchases A/c   ...Dr.		12,000
	To Siddhant Traders A/c			12,000
	(Being purchases of goods from Siddhant Traders debited to Siddhant Traders, now rectified)
(3)	Rent A/c    ...Dr.		5,000
	To Shantilal A/c			5,000
	(Being rent paid to landlord debited to his personal account, now rectified)
(4)	Bank A/c    ...Dr.		700
	To Interest received A/c			700
	(Being correction of wrong credit given to bank account)
(5)	Advertisement A/c    ...Dr.		5,000
	To Times of India A/c			5,000
	(Being correction of wrong debit given to Times of India)
	Total (₹)		29,200	29,200

 

Working Note:

Sr. No.	Wrong Entry	Reverse Entry	Correct Entry	Rectifying Entry
(1)	Pravin's A/c    ...Dr. 6,500 To Cash A/c      6,500	Cash A/c ...Dr. 6,500 To Pravin's A/c 6,500	Salaries A/c  .. .Dr. 6,500 To Cash A/c 6,500	Salaries A/c ...Dr. 6,500 To Pravin A/c 6,500
(2)	S. Trader's A/c    ...Dr. 12,000 To Cash A/c 12,000	Cash A/c ...Dr. 12,000 To S.T. A/c 12,000	Purchases A/c ...Dr. 12,000 To Cash A/c 12,000	Purchases A/c ...Dr. 12,000 To S.T. A/c 12,000
(3)	Shantilal A/c    ...Dr. 5,000 To Cash A/c 5,000	Cash A/c ...Dr. 5,000 To Shantilal A/c 5,000	Rent A/c  ...Dr. 5,000 To Cash A/c 5,000	Rent A/c  ...Dr. 5,000 To Shantilal A/c 5,000
(4)	Cash A/c   ...Dr. 700 To Bank A/c 700	Bank A/c ...Dr. 700 To Cash A/c 700	Cash A/c   ...Dr. 700 To Interest A/c 700	Bank A/c   ...Dr. 700 To Interest A/c 700
(5)	Times of India A/c    ....Dr. 5,000 To Cash A/c 5,000	Cash A/c Dr. 5,000 To Times of India A/c 5,000	Advertisement A/c   ...Dr. 5,000 To Cash A/c 5,000	Advertisement A/c  ...Dr. 5,000 To Times of India A/c 5,000