RECTIFICATION OF ERRORS

• ERRORS AFFECTING TRIAL BALANCE

– ERRORS OF PARTIAL OMMISSION
– ERRORS OF OMISSION
• RELATED TO SUBSIDIARY BOOKS
– ERRORS OF CASTING
– ERROR IN CARRYING FORWARD
• RELATED TO LEDGER BOOKS
– Error of posting
– Error in balancing
– Error in casting
– Error in carrying forward
 RECTIFICATION OF ERRORS
• Errors not affecting the Trial Balance
– Error of complete omission
• Related to subsidiary book(omission of recoding)
• Related to ledger (omission of posting the all ledger)
– Error of commission
• Related to subsidiary book(recoding in the wrong book)
• Related to ledger (Posting of correct amt. in the wrong
a/c. on the correct side)
– Error of Principle
– Corresponding Error
• Not all the journal entries are correct :
• Pass correct entry:
PARTICULARS DEBIT RS. CREDIT RS.
A. Purchases a/c. dr 6500
To Mr. D a/c. 6500
(Being purchase of furniture from Mr. D)

B. Bansal a/c. dr. 2450

To Bank 2450
(Being the salary paid to Bansal )
C. Cash a/c. dr. 8500
To Sales a/c. 8500
(being cash sales)
D. Bandari a/c. 5000
To Furniture a/c. 5000
(Being furniture sold on credit)
E Gupta and Co. a/c. dr. 5000
To Purchases a/c. 5000
(Being the goods purchased from Gupta )
F. Mr. A a/c. dr. 1000
To Cash 1000
(Being the bad debts recovered from Mr. A)
G. Wages a/c. dr 500
To Cash 500
(Being the installation exp. Incurred on
machinery)