Question

Rectify the following errors.
1. Goods purchased from Kishor ₹ 700/- were passed through Sales Book.
2. An item of ₹ 120/- in respect of purchase returns, has been wrongly entered in the Purchase Book.
3. Amount payable to Subhash for repairs done to Printer ₹ 180/- and new Printer supplied for ₹ 1,920/-, were entered in the Purchase Book as ₹ 2,000/-
4. Returned goods to Nitin ₹ 1,500/- was passed through Returns Inward Book.
5. An item of ₹ 450/- relating to the Prepaid Rent account was omitted to be brought forward.

Answer 1

Journal Proper
Date	Particulars	L.F.	Debit (₹)	Credit (₹)
(1)	Purchases A/c   ...Dr.		700
	Sales A/c   ...Dr.		700
	To Kishor A/c			1400
	(Being Credit purchases from Kishor passed through sales book, now rectified)
(2)	Party A/c   ...Dr.		240
	To Purchases A/c			120
	To Purchases Return A/c			120
	(Being Purchases Return of goods wrongly entered in purchases book, now rectified)
(3)	Repairs A/c   ...Dr.		180
	Printer A/c    ...Dr.		1,920
	To Purchases A/c			2,000
	To Subhash A/c			100
	(Being amount due for repairs and printer ₹ 2,100 entered in purchases book us 1 2,000, now rectified)
(4)	Nitin A/c   ...Dr.		3,000
	To Return Inward A/c			1,500
	To Return Outward A/c			1,500
	(Being return of goods passed thorough Return Inward Book, Now rectified)
(5)	No Journal Entry is required as it is affecting only one account. It is rectified by debiting prepaid Rent A/c for ₹ 450.
	Total (₹)		6,740	6,740