1.

Pass journal entries to rectify the following transactions.a) Purchase of machinery was debited to purchase a/c Rs. 8,000.b) Goods sold on credit was recorded twice Rs. 1,500.c) The repair of building was debited to building a/c Rs. 6,000.d) Rs. 200 received from Jose posted to the debit of his account.

Answer»
a)Machinary A/c
Purchase A/c		Dr8,000
8,000
b)Sales A/c
Customers A/c		Dr1,500
1,500
c)Repairs A/c
Building A/c		Dr6,000
6,000
d)In Jose a/c shows Rs. 400 on the credit side as mistake in posting'


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