PASS JOURNAL ENTRIES TO RECTIFY THE FOLLOWING :
1.Rs 3000 paid to MohanLal for salary were debited to his personal account.
2. A builder's bill for rs 5000 for erection of a small cycle shed was debited to repairs account.
3. An amount of Rs 600 due from Harish Bros. which has been written off ad bad debts in previous year, was unexpectedly recovered, and has been credited to the personal a/c of harish Bros.

Dear Student,

The solution to your query is provided below:
Journal
Date Particulars L.F. Debit
Amount
(Rs)
Credit
Amount
(Rs)
           
1. Salaries A/c Dr.   3,000  
    To Mohan Lal       3,000
  (Salary to Mohan Lal was wrongly debited to his personal account, now rectified)        
           
2. Cycle Shed A/c Dr.   5,000  
    To Repairs A/c       5,000
  (Construction of new shed was wrongly debited to Repairs A/c, now rectified)        
           
3. Harish Bros. Dr.   600  
    To Bad Debts Recovered A/c       600
  (Bad debts recovered from Harish Bros. was wrongly credited to his personal account, now rectified)        
           

Keep posting and keep studying!!

  • -4
What are you looking for?