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Rectify the following errors by passing journal entries:

  1. Goods returned from Rs.1,400 were posted to Ramesh’s account
  2. Goods returned to Rs.3,000 were recorded in the sales return book
  3. Wages paid of Rs.4,730 was recorded as Rs.4,370
  4. Goods returned from Rs.500 were recorded as Rs.1,000

Asked by Topperlearning User 29th July 2016, 9:59 AM
Answered by Expert
Answer:

Rectification Entries in Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

 i.  

Ramesh’s A/c

Dr.

 

1,400

 

 

----------To Ritesh’s A/c

 

 

 

1,400

 

(Being goods returned from Ritesh wrongly posted to Ramesh’s account, now rectified)

 

 

 

 

 

 

 

 

 

 

 ii.  

Anoopa’s A/c

Dr.

 

6,000

 

 

----------To Purchase returnA/c

 

 

 

3,000

 

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

 

 

 

3,000

 

(Beinggoods returned to Anoopa Rs.3,000 wrongly recorded in the sales return book, now rectified)

 

 

 

 

 

 

 

 

 

 

 iii.  

Wages A/c

Dr.

 

360

 

 

----------To Cash A/c

 

 

 

360

 

(Being wages paid Rs.4,730 wrongly recorded as Rs.4,370, now rectified)

 

 

 

 

 iv.  

Dipesh’s A/c

Dr.

 

500

 

 

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

 

 

 

500

 

(Being goods returned from Dipesh Rs.500 wrongly recorded as Rs.1,000, now rectified)

 

 

 

 

 

Answered by Expert 29th July 2016, 11:59 AM
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