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CBSE Class 11-commerce Answered

Pass the journal entries to rectify the following errors: Wages of Rs.36,000 paid for the construction of new office building debited to wages account Credit purchase of Rs.7,652 from Varun was posted to Arun’s A/c. Sale of Rs.5,200 to Jignesh was recorded in the purchases book Goods returned to Rs.3,600 was posted to Sales return book. Pg 16.18
Asked by Topperlearning User | 29 Jul, 2016, 10:24: AM
answered-by-expert Expert Answer

Rectification Entries in Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

 i.  

Building A/c

Dr.

 

36,000

 

 

              To Wages A/c

 

 

 

36,000

 

(Beingwages paid for construction of new office building wrongly debited to wages account now rectified)

 

 

 

 

 ii.  

Arun’s A/c

Dr.

 

7,652

 

 

----------To Varun’s A/c

 

 

 

7,652

 

(Being error in posting to the wrong account now rectified)

 

 

 

 

 

 

 

 

 

 

 iii.  

Jignesh’s A/c

Dr.

 

10,400

 

 

----------To Purchases A/c

 

 

 

5,200

 

----------To Sales A/c

 

 

 

5,200

 

(Being credit sale to Jignesh recorded in the purchase book, now rectified) 

 

 

 

 

 

 

 

 

 

 

 iv.  

Swapnil’s A/c

Dr.

 

7,200

 

 

----------To Sales return A/c

 

 

 

3,600

 

----------To Purchase return A/c

 

 

 

3,600

 

(Being the rectification of purchases return to Swapnil passed through sales return book)

 

 

 

 

 

Answered by | 29 Jul, 2016, 12:24: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 29 Jul, 2016, 09:59: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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