Pass necessary Journal entries' to rectify the following errors:

(i) Goods returned to Mahima for Rs 5,000, entered into Sales Returns Book.

(ii) Kajol returned goods worth Rs 2,000, entered into Purchase Returns Book.

(iii) A credit purchase of Rs 3,000 from Ravina was recorded through Purchase Returns Book.

(iv) Goods worth Rs 1,160 returned to Karishma, were recorded in Purchase Book as Rs 1,106.

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Solution

$\begin{matrix} Date & Particulars & LF & Debit Amount (Rs) & Credit Amount (Rs) (i) & Mahima & Dr. & 10,000 To purchases Returns A/c & 5,000 To Sales Returns A/c & 5,000 (Being wrong recording of returns now) rectified) - ------------------------------------------------------------------- - (ii) & Sales Return A/c & Dr. & 2,000 Purchases Returns A/c & Dr. & 2,000 To Kajol & 4,000 (Being wrong recording of returns from Kajal,) now rectified - ------------------------------------------------------------------- - (iii) & Purchases A/c & Dr. & 3,000 Purchases Returns A/c & Dr. & 3,000 To Ravina & 6,000 (Being wrong recording of purchase from Ravina,) as purchase returns, now rectified - ------------------------------------------------------------------- - (iv) & Karishma & Dr. & 2,266 To Purchases A/c & 1,106 To Purchases Returns A/c & 1,160 (Being wrong recording of returns to) Karishma in purchaser book with wrong amount, now rectified \end{matrix}$

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Similar questions

Rectify the following errors:

(a)	Credit Sales to Mohan Rs 7,000 were recorded in purchases book.
(b)	Credit Purchases from Rohan Rs 900 were recorded in sales book.
(c)	Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.
(d)	Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.
(e)	Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

Rectify the following errors.

(i) Credit purchase from Rohan Rs. 9,000 were recorded in sales book.

(ii) Goods returned to Rakesh Rs. 4,000 were recorded in the sales return book.

(iii) Good returned from Mahesh Rs. 1,000 were recorded in purchases return book.

(iv) Goods returned from Mahesh Rs. 2,000 were recorded in purchases book.

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(a) Credit Sales to Mohan Rs. 7,000 were recorded in purchase book.

(b) Credit Purchase from Rohan Rs. 9,000 were recorded in the sales book.

(d) Goods returned from Mahesh Rs. 1,000 were recorded in purchase return book.

Pass the necessary journal entries to rectify the following errors

(i) Credit sale of Rs. 1,700 to Raj was recorded as sales to Aryan.

(ii) Credit sale of old machinery to Sohan for Rs. 1,700 was entered in the sales book for Rs. 7,100.

(iii) Credit sales to Mohan Rs. 7,000 were not recorded.

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(v) Goods returned to Rakesh Rs. 4,000 were not recorded.

(vi) Goods returned from Mahesh Rs. 1,000 were not recorded.

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited.

(b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited.

(c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited.

(d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited.

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