following examples : (a) Credit sales to Mohan Rs. , were not recorded in the sales book. This is an error of complete omission. Its affect is that Mohan’s account has not been debited and Sales account has not been credited.
Accordingly, recording usual entry for credit sales will rectify the error. Credit sales to Mohan Rs. , were recorded as Rs. , in the sales book.
This is an error of commission. The effect of wrong recording is shown below: Correct effect should have been: Now that Mohan’s account has to be given an additional debit of Rs. , and sales account has to be credited with additional amount of Rs. , , rectification entry will be : , , Credit sales to Mohan Rs.
, were recorded as Rs. , . This is an error of commission. The effect of wrong entry made has been : , , Correct effect should have been : You can see that there is an excess debit of Rs.
, in Mohan’s account and excess credit of Rs. , in sales account. The, rectification entry will be recorded as follows: Sales A/c To Mohan‘s A/c Credit sales to Mohan Rs. , was correctly recorded in the sales book but was posted to Ram’s account.
This is an error of commission. The effect of wrong posting has been : Ram’s A/c Correct effect should have been : Notice that there is no error in sales account. But Ram’s account has been debited with Rs. , instead of Mohan’s account.
Hence rectification entry will be : To Ram’s A/c (e) Rent paid Rs. , was wrongly shown as payment to landlord in the cash book: The effect of wrong posting has been : Landlord’s A/c To Cash A/c Correct effect should have been : Rent A/c To Cash A/c Landlord’s account has been wrongly debited instead of Rent account. Hence, rectification entry will be : Rent A/c To Landlord’s A/c Test Your Understanding - II Record the rectification entry for the following transactions: . Credit sales to Rajni Rs.
, recorded in Purchases book: This is an error of .......................................... State the wrong entry recorded in the book of accounts Correct effect should have been: The rectification entry will be: . Furniture purchased from M/s Rao Furnishigs for Rs. , was entered into the purchases book .
This is the error of ........................................ State the wrong entry recorded in the book of accounts Correct effect should have been: The rectification entry will be: . Cash sales to Radhika Rs. , was shown as receipt of commission in the cash book.
This is the error of .............................................. State the wrong entry recorded in the book of accounts Correct effect should have been : The rectificatin entry will be: . Cash received from Karim Rs. , posted to Nadeem.
This is the error of ........................................ State the wrong entry recorded in the book of accounts: Correct effect should have been: The rectification entry will be: