Bill for Es 800 received from Mukesh for repairs of machinery was entered in purchases book As Rs 700 - Accountancy - Trial Balance and Rectification of Errors

Question

Bill for Es 800 received from Mukesh for repairs of machinery was
entered in purchases book As Rs 700

Neha A. · Accepted Answer

Hi Rushil,
The rectified Journal entry is as follows:

Journal

Date

Particulars

L F

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Repairs A/c

Dr

800

To Purchases A/c

700

To Mukesh A/c

100

(Repair of Machinery Rs 800 by Mukesh was entered wrongly
in Purchases Book as Rs 700, now rectified)

Explanation: Here, Bill for Rs 800
from Mukesh for repairs of Machinery was entered in Purchase Book
as Rs 700 To rectify, we debit Repairs A/c with Rs 800 (to give
effect to earlier omission), credit Purchase A/c with Rs 700 (to
cancel the effect of wrong debit) and credit Mukesh A/c with Rs 100
(as in the error his A/c is credited with Rs 700 only, however, the
liability towards him on account of Repairs is Rs 800)

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

	Repairs A/c	Dr		800
	To Purchases A/c				700
	To Mukesh A/c				100
	(Repair of Machinery Rs 800 by Mukesh was entered wrongly in Purchases Book as Rs 700, now rectified)