Correction of one side errors if detected before preparation of the trial balance

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Correction of One-Sided Errors

1. Error in Akram's Account

Description of Error:
Goods bought for Rs. 3000 from Akram were wrongly credited to his account as Rs. 300.
The Purchase Book recorded the transaction correctly.
Nature of Error:
One-sided error: Akram's account was credited with Rs. 300 instead of Rs. 3000.
Correction Method:
Akram's account needs to be credited with an additional Rs. 2700 to rectify the error.
Adjustment:
Wrong Entry:
Purchases A/c Dr. 3000
Akram A/c Cr. 300
Correction:
Akram A/c Cr. 2700 (to adjust the wrong amount posted)
2. Error in Rehman's Account

Description of Error:
Goods sold to Rehman for Rs. 4000 were wrongly debited to his account as Rs. 40000.
The Sales Book recorded the transaction correctly.
Nature of Error:
One-sided error: Rehman's account was debited with Rs. 40000 instead of Rs. 4000.
Correction Method:
Rehman's account needs to be credited with Rs. 36000 to rectify the excess debit.
Adjustment:
Wrong Entry:
Rehman A/c Dr. 40000
Sales A/c Cr. 40000
Correction:
Rehman A/c Cr. 36000 (to adjust the excess debit)
Conclusion

Both errors are one-sided and can be corrected by adjusting the respective accounts without the need for journal entries.

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Rectification
Errors
Accounting
Financial Statements
Omission
Commission
Trial Balance
Error Detection
Journal Entries
Financial Accuracy
Bookkeeping
Compensating Errors
Errors of Principle
Errors of Original Entry
Reversal Errors
Correcting Entries
Reconciliation
Financial Management
Internal Controls
Audit