A/c , Anand A/c Dr. , To Sales A/c , b Machinery A/c Dr. To Cash A/c Repairs A/c Dr. To Cash A/c Repairs A/c Dr.
To Machinery A/c c Gandhiraj A/c Dr. , To Cash A/c , Salary A/c Dr. , To Cash A/c , Salary A/c Dr. , To Gandhiraj A/c , Illustration The following errors were located before the preparation of the trial balance.
Rectify them. (a) Paid ` to Angappan were wrongly debited to Angannan’s account. (b) Sale of furniture for ` was credited to sales account. (c) Purchase of goods from Bagya for ` , was wrongly passed through sales book.
(d) Wages ` , paid on erection of machinery were debited to wages account. Solution Rectifying entries L.F. Dr. ` Cr.
` a Angappan A/c Dr. To Angannan A/c (Amount paid to Angappan wrongly debited to Angannan’s account, now rectified) b Sales A/c Dr. To Furniture A/c (Sale of furniture wrongly credited to sales account, now rectified) c Purchases A/c Dr. Sales A/c Dr.
To Bagya A/c (Purchases from Bagya wrongly passed through sales book, now rectified) , , , d Machinery A/c Dr. To Wages A/c (Wages paid for erection of machinery wrongly debited to wages account, now rectified) , , Accountancy Note: Method of deriving the rectifying entries Wrong Entry Correct Entry Rectifying Entry a Angannan A/c Dr. To Cash A/c Angappan A/c Dr. To Cash A/c Angappan A/c Dr.
To Angannan A/c b Cash A/c Dr. To Sales A/c Cash A/c Dr. To Furniture A/c Sales A/c Dr. To Furniture A/c c Bagya A/c Dr.
, To Sales A/c , Purchases A/c Dr. , To Bagya A/c , Purchases A/c Dr. , Sales A/c Dr. , To Bagya A/c , d Wages A/c Dr.
, To Cash A/c , Machinery A/c Dr. , To Cash A/c , Machinery A/c Dr. , To Wages A/c , (ii) Rectification of errors while