1. Rectify the following errors

1. salary paid to Pravin was wrongly debited to his  personal account ₹6,500/-

2. Cash Purchases ₹12,000/- from Siddhant Traders was debited to Siddhant Traders Account.

3. Paid rent 45,000 to landlord Shantilal was debited to his personal account.

4. Received interest ₹700 from Bank was wrongly credited to Commission Account.

5. Advertisement expenses ₹5,000/- paid to Time of India was debited to Times of India.

Solution :

Journal  Proper

Date	Particulars	L/F	Debit ₹	Credit ₹
1.	Salary A/c                    Dr.         To Pravin A/c  [Being salary paid to Pravi was wrongly debited to his account, now it`s rectified]		6,500	6,500
2.	Purchase A/c               Dr.          To Siddhant Traders A/c  [Being Cash Purchase from Siddhant traders was debited to Siddhant traders A/c, now it`s rectified]		12,000	12,000
3.	Rent A/c                         Dr.            To Shantilal A/c  [Being Paid Rent to landlord but wrongly debited to his A/c, now it`s rectified]		5,000	5,000
4.	Commission A/c            Dr.           To Interest A/c  [Being Received interest from Bank but wrongly debited to commission A/c, now rectified]		700	700
5.	Advertisement A/c           Dr.         To Times of India A/c   [Being Paid Advertisement expense to Times of India but wrongly debited to times of India`s A/c, now rectified]		5,000	5,000

Working Note : 

 

Sr. No.	Wrong Entry	Reverse Entry	Correct Entry	Rectifying Entry
1.	Pravin A/c Dr. 6,500    To Cash A/c 6,500	Cash A/c Dr. 6,500    To Pravin A/c 6,500	Salary A/c    Dr. 6,500     To Cash A/c    6,500	Salary A/c    Dr.  6,500    To Pravin A/c   6,500
2.	Siddhant Trader A/c                    Dr. 12,000    To Cash Ac 12,000	Cash A/c Dr. 12,000    To Siddhart Trader        A/c 12,000	Purchase A/c                                  Dr. 12,000    To Cash A/c 12,000	Purchase A/c Dr. 12,000    To Siddhart Trader          A/c 12,000
3.	Shantilal A/c Dr.                              5,000      To Cash A/c 5,000	Cash A/c Dr. 5,000       To Shantilal                     A/c 5,000	Rent A/c Dr. 5,000      To Cash A/c 5,000	Rent A/c   Dr.  5,000     To Shantilal A/c 5,000
4.	Bank A/c Dr. 700    To Commission                              A/c 700	Commission                                 A/c Dr. 700      To Bank A/c    700	Bank A/c Dr. 700     To Interest                                      A/c 700	Commission A/c  Dr.  700       To Interest  A/c  700
5.	Times of India A/c                      Dr. 5,000    To Cash A/c	Cash A/c Dr. 5,000     To Times of India A/c 5,000	Advertisement A/c                           Dr.  5,000      To Cash A/c   5,000	Advertisement A/c                                       Dr. 5,000      To Times of India                                      A/c 5,000

Explanation Notes：

1. salary paid to pravin was wrongly debited to his personal account：

The wrong entry is pravin Account debit to Cash A/c to rectified the entry Reverse the wrong entry and pass the correct entry as passed in working note. Now, pass the Rectifying entry by classifying reverse and correct entry. The entry made Salary A/c debit to pravin A/c. Refer Nominal Account rule

2. Cash Purchases from Siddhant Traders was debited to siddhant trader Account

The wrong entry is Siddhant Traders A/c to cash A/c to rectified the entry pass the Correct and reverse entry of wrong entry. The entry made purchase A/c to Siddhart A/c. Refer Personal Account rule.

3. Paid Rent to landlord Shantilal was debited to his Personal account

Refer Nominal Account rule to Pass the correct entry then Pass the the wrong entry which is made, do the reverse of it. And Finally Pass the rectified entry by nominal rule. 

4. Received interest from Bank was wrongly credited to Bank account

In Textbook the entry is Printed wrong. Instead of commission it has Bank so, do the correction. Refer Nominal Account rule. Because Interest is an income so it has to credited and commission has to debit because it as Passed wrong.

5. Advertisement expenses paid to Time of India was debited to Time of India.

paid for Advertisement expense so, the Advertisement is an expense therefore debited to debit side and Times of India is the receiver therefore credited. refer Nominal A/c rule. 

2. Rectify the Following errors

3. Rectify the Following errors