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

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).

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