Q51123 Rectify the following errors:

  1. A sale of goods to Raja Ram for 2500 was passed through the Purchases Book.
  2. Salary 800 paid to Hari Babu was wrongly debited to his Personal Account.
  3. Furniture purchased on credit from Mohan Singh for 1000 was entered in the Purchases Book.
  4. 5000 spent on the extension of building was debited to the buildings repairs account.
  5. Goods returned by Mani Ram 1200 were entered in Returns Outward Book.

Based on LPU Accounting Solution and others

Solution:

S. No. Particulars L.F. ( Rs. ) (Rs.)
1. Raja Ram                                                 Dr.
To Purchases a/c
To Sales a/c A
(sale of goods to Raja Ram through the Purchases book is rectified)		   5,000  

2500
2500
2. Salary a/c                                                                              Dr.
To Hari Babu
(Salary wrongly debited in his personal a/c is rectified.)		   800  
800
3. Furniture a/c                                                                         Dr.
To Purchases a/c
(Furniture purchased was wrongly entered in the Purchases book is rectified.)		   1,000  
1000
4. Buildings a/c                                                                         Dr.
To Buildings Repairs a/c
(Spent on extension of building was wrongly debited to Building repairs a/c is rectified.)		   5,000  
5000
5. Returns Inward a/c (Sales Returns)                                   Dr.
Returns Outward a/c (Purchases Returns a/c)                Dr.
To Mani Ram
(Goods returned by Mani Ram were entered in returns outward  book.)		   1,200
1,200		      

2400
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