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Basics of Accounting


Rectification of errors – Examples

Rectify the following errors:

i. Purchases book overcast by Rs.1,300
ii. Sales book undercast by Rs.2,500.
iii. Purchases return book overcast by Rs.750.
iv. Sales return book undercast by Rs.600.

Rectification:

i. Credit – Purchases A/c with Rs.1,300.
ii. Credit – Sales A/c with Rs.2,500.
iii. Debit – Purchases return A/c with Rs.750.
iv. Debit – Sales return A/c with Rs.600.
......................................................................................................................

Rectify the following errors:

i. Purchases book is carried forward Rs.850 less.
ii. Sales book total is carried forward Rs.2,500 more.
iii. A total of Rs.7,580 in the purchases book has been carried forward as Rs.8,570.
iv. The total of the sales book Rs.7,550 on page 20 was carried forward to page 21 as Rs.5,570.
v. Purchases return book was carried forward as Rs.1,520 instead of Rs.5,120.

Rectification:

i. Debit – Purchases A/c with Rs.850.
ii. Debit – Sales A/c with Rs.2,500.
iii. Credit – Purchases A/c with Rs.990.
iv. Credit – Sales A/c with Rs.1,980.
v. Credit – Purchases return A/c with Rs.3,600.
......................................................................................................................

Rectify the following errors:

i. Purchases from Bagavathi for Rs.4,500 has been posted to the debit side of her account.
ii. Sales to Vijay for Rs.1,520 has been posted to his credit as Rs.1,250.
iii. Purchases from Shakila for Rs.750 has been omitted to be posted to the personal A/c.
iv. Sales to Khader for Rs.780 has been posted to his account as Rs.870.

Rectification:

i. Purchases from Bagavathi should have been posted to the credit of Bagavathi’s A/c., but it has been debited. Hence, Credit Bagavathi’s A/c with double the amount i.e, Rs.9,000.
ii. Sales to Vijay has to be debited in Vijay’s account but his account is credited with Rs.1,250. Hence, Debit Vijay’s A/c with Rs.1,250 + Rs.1,520 i.e, Rs.2,770.
iii. This is an error of omission. Posting must be to the credit of Shakila’s A/c. Hence, post Rs.750 to the credit of Shakila’s A/c.
iv. Here Khader’s A/c has been debited with a wrong amount i.e., with excess amount. To rectify this error, the excess amount must be credited to his account. Hence, credit Khader’s A/c with Rs.90.


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