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Rectify the following errors by passing journal entries:

  1. Bill receivable of Rs.1,200 received from a debtor, but not posted
  2. Bad debts of Rs.300 written off, were posted as Rs.3,000
  3. Total of return inwards book worth Rs.1,200 posted to purchase account
  4. Return inwards book undercast by Rs.300

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.  

Bill receivable A/c

Dr.

 

1,200

 

 

----------To Debtor’sA/c

 

 

 

1,200

 

(Being bill receivable of Rs.1,200 received from a debtor not posted, now rectified)

 

 

 

 

 

 

 

 

 

 

 ii.  

Debtor’sA/c

Dr.

 

2,700

 

 

---------- To Bad debts A/c

 

 

 

2,700

 

(Beingbad debts written off Rs.300 wrongly posted as Rs.3,000, now rectified)

 

 

 

 

 

 

 

 

 

 

 iii.  

Return Inwards A/c

Dr.

 

1,200

 

 

---------- To Purchases A/c

 

 

 

1,200

 

(Being total of return inwards book Rs.1,200 wrongly posted to purchase account, now rectified)

 

 

 

 

 

 

 

 

 

 

 iv.  

Return Inwards A/c

Dr.

 

300

 

 

---------- To CashA/c

 

 

 

300

 

(Beingreturn inwards book undercast by Rs.300, now rectified)

 

 

 

 

 

 

 

 

 

 

 

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