Rectify the following errors:
(i)Furniture purchased for ?10,000 wrongly debited to Purchases Account.
(ii)Machinery purchased on credit from Raman for ?20,000 was recorded through Purchases Book.
(iii)Sales Book is undercast by ?1,000
(iv) Rohit?s A/c was credited with ?840 twice instead of once.
(v) Credit sale of ?570 to Mohan was recorded as ?750
Solution :-
| S.No. | Particulars | L.F | Debit | Credit |
| 1) | Furniture A/c Dr. | 10,000 | ||
| To Purchases A/c | 10,000 | |||
| (Being Rectification entry made) | ||||
| 2) | Machinery A/c Dr. | 20,000 | ||
| To Purchases A/c | 20,000 | |||
| (Being Rectification entry made) | ||||
| 3) | Suspense A/c Dr. | 1,000 | ||
| To Sales A/c | 1,000 | |||
| (Being Rectification entry made) | ||||
| 4. | Rohit A/c Dr. | 840 | ||
| To Suspense A/c | 840 | |||
| (Being Rectification entry made) | ||||
| 5. | Sales A/c Dr. | 180 | ||
| To Mohan A/c | 180 | |||
| (Being Rectification entry made) |