Question

5)   A purchase invoice of £ 197 was debited to the supplier account as £ 917.                                               
                                                  
6)   Purchase returns book was under - casted by £ 650.                                              
                                                  
7)   The opening balance of furniture account was brought forward as £ 18,300 instead £ 13,800. Depreciation on furniture is provided at the rate of 10%.                                              
                                                  
                                                  
8)   A balance of £ 730 in the sales ledger is to be offset against a balance of £ 880 in the purchase ledger.                                              

Recticifaction and original journal entry for above

Answer 1

Date	Accounts Titles and Explanation	Debit	Credit
5)	Accounts Payable (£917 - £197)	£720
	Purchases		£720
	(To record the rectification entry for excess debit charge to supplier account)
6)	Purchase Returns	£650
	Accounts Payable		£650
	(To record the rectification entry for under-casting the purchase returns)
7)	Rectification Error(£18,300 - £13,800)	£4,500
	Furniture		£4,500
	(To record the decreasing the furniture account which opening balance is shown excess)
	Furniture	£450
	Depreciation [(£18,300*10/100) - (£13,800*10/100)]		£450
	(To record the rectification entry for excess charge of depreciation)
8)	No rectification entry is prepared for offsetting the balances of sales ad purchase ledgers.