Before preparation of the Trial Balance, the following errors were found in the books of Hare Rama & Sons. Give the necessary entries to correct th...

Question

Before preparation of the Trial Balance, the following errors were found in the books of Hare Rama & Sons. Give the necessary entries to correct them: (i) Minor Repairs made to the building amounting to 1,850 were debited to the Building Account. (ii) An amount of ₹ 3,000 due from Shayam Lal, which had been written off as bad debts in the previous year, recovered in the current year, and had been posted to the personal Account of Shayam Lal. (iii) Furniture purchased for office use amounting to 20,000 has been entered in the purchase day book. (iv) Goods purchased from Ram Singh amounting to 8,000 have remained unrecorded so far. (v) College Fees of proprietor's son, 15,000 debited to the Audit fees Account. (vi) Receipt of 4,500 from Meet Kumar credited to the Pinki Rani. (vii) Goods amounting to ₹6,200 had been returned by a customer and were taken in to inventory, but no entry was made in the books. (viii) 1500 paid for wages to workmen for making office furniture had been charged to wages account. (ix) Salary paid to a clerk 12,000 has been debited to his personal Account. (x) A purchase of goods from Raghav amounting to 20,000 has been wrongly entered through the sales book. [Dec. 2022, 10 Marks]; [MTP Jan. 2025; Modified]

Accepted Answer

Answer Solution: S. No. Particulars Debit Credit 1 Repairs A/c Dr. To Building A/ c (Being repairs made to building wrongly debited to building A/ c, now corrected) 1,850 - - 1,850 2 Shyam Lal A/ c Dr. To Bad debt Recovered A/ c (Being bad debts recovered wrongly credited to Shyam Lal A/ c, now corrected) 3,000 - - 3,000 3 Furniture A/ c Dr. To Purchases A/ c (Being furniture purchased wrongly recorded in purchases book, now corrected) 20,000 - - 20,000 4 Purchases A/ c Dr. To Ram Singh A/ c (Being goods purchased from Ram Singh not recorded earlier, now recorded) 8,000 - - 8,000 5 Drawings A/ c Dr. To Audit Fees A/ c (Being college fees of proprietor's son wrongly debited to audit fees A/ c, now corrected) 15,000 - - 15,000 6 Pinki Rani A/ c Dr. To Meet Kumar A/ c 4,500 - - 4,500 (Being amount received from Meet Kumar wrongly credited to Pinki Rani A/ c, now corrected) 7 Sales Return A/ c Dr. To Customer A/ c (Being sales return from a customer not recorded earlier, now recorded) 6,200 - - 6,200 8 Furniture A/ c Dr. To Wages A/c (Being wages paid for furniture wrongly debited to wages A/ c, now corrected) 1,500 - - 1,500 9 Salary A/c Dr. To Clerk Personal A/ c (Being salary paid to clerk wrongly debited to his personal A/ c, now corrected) 12,000 - - 12,000 10 Purchases A/ c Dr. Sales A/c Dr. To Raghav A/ c (Being purchase of goods wrongly recorded in sales book, now corrected) 20,000 20,000 - - - 40,000

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