Rectify the following errors which were detected before preparing the Trial Balance: The total of Sales Book carried forward ₹ 5,000 less.
Rectify the following errors which were detected before preparing the Trial Balance:
(i) The total of Sales Book carried forward ₹ 5,000 less.
(ii) A credit sale of Sita ₹ 6,300 posted as ₹ 3,600.
(iii) A credit sale to Radha ₹ 2,400 posted as ₹ 4,200.
(iv) A credit sale to Parbati ₹ 3,000 credited to her account.
(v) A credit sale to Laxmi ₹ 5,600 credited as ₹ 6,500.
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Solution:-
(i) The rectification will be made by writing the following words on the credit side of Sales Account:
“By undercasting of Sales Book——₹ 5,000.”
(ii) The rectification will be made by writing the following words on the debit side of Sita’s Account:
“To lesser amount on the debit side ———– ₹ 2,700.”
(iii) The rectification will be made by writing the following words on the credit side of Radha’s Account:
“By excess amount on the debit side——— ₹ 1,800.”
(iv) the rectification will be made by writing the following words on the debit sid of Prabati’s Account:
“To error in posting to the wrong side——– ₹ 6,000.”
(v) The rectification will be made by writing the following words on the debit side of Laxmi’s Account:
“To error in posting with wrong amount on wrong side——– ₹ 12,100.”
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