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Pass the journal entries to rectify the following errors:

  1. Wages of Rs.36,000 paid for the construction of new office building debited to wages account
  2. Credit purchase of Rs.7,652 from Varun was posted to Arun’s A/c.
  3. Sale of Rs.5,200 to Jignesh was recorded in the purchases book
  4. Goods returned to Rs.3,600 was posted to Sales return book. Pg 16.18

Asked by Topperlearning User 29th July 2016, 10:24 AM
Answered by 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 Expert 29th July 2016, 12:24 PM
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