Question
Prepare rectification to rectify the following errors detected while preparing final accounts of Shri Balram as on $31-3-2015$
$(1)$ Purchase of goods $Rs.5,000$ is left to be recorded.
$(2)$ Installation charges paid $Rs.2,000$ on purchase of machinery is debited to sundry expense account.
$(3)$ $Rs.2,400$ paid to Devanshi is recorded to Karan's account by mistake.

Answer

Journal Proper of Shri Balram
Date Particulars L.F. Debit(Rs.) Credit (Rs.)
$1$ Purchase A/c. Dr.   $5,000$  
  To Cash A/c.     $5,000$
  (Being rectification entry for purchase of goods transaction omitted to be recorded in the account)      
$2$ Machinery A/c. Dr.   $2,000$  
  To Sundry expense A/c.     $2,000$
  (Being error rectified for charges for machinery is debited to sundry expenses account)      
$3$ Devanshi A/c. Dr.   $2,400$  
  To Karan's A/c.     2,400
  (Being rectification entry for paid to Devanshi, debited to Karan's account by mistake)      
  Total   $9,400$ $9,400$

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