7. Give Journal Entries to rectify the following errors: Goods purchased from Ajay for ₹2,600 were recorded in Sales Book by mistake. Goods for ₹4,400 sold to Surendra was passed through Purchase Book. A customer returned goods worth ₹1,000. It was recorded in Purchase Return Book’. A credit sale of ₹126 to Rajesh was entered … Read more
6. Rectify the following errors: (i) Sold old furniture to A for ₹11,500 was passed through the Sales Book. (ii) Credit purchases of ₹12,000 from Ojas omitted to be recorded in the books. (iii) Repairs made were debited to Building Account ₹7,000. (iv) Credit sale of ₹1,800 to Avikan was recorded as ₹8,100. (v) ₹6,000 … Read more
5. Rectify the following errors (i) Goods for ₹5,500 were purchased from Modern Traders on credit, but no entry has yet been passed. (ii) Purchase Return for ₹1,500 not recorded in the books. (iii) Goods for ₹2,000 sold to Geeta Traders’ on Credit were entered in the sales book as ₹200 only. (iv) Goods of … Read more
4. Give rectifying entries for the following: (i) A credit sales of goods to Ram ₹2,500 has been wrongly passed through the ‘Purchases Book’. (ii) A credit purchase of goods from Shyam amounting to ₹1,000 has been wrongly passed through the ‘Sales Book’. (iii) A return of goods worth ₹1,100 to Mohan was passed through … Read more
3. Rectify the following errors (i) Credit sales to Mridula ₹5,000 were recorded as ₹5,400. (ii) Credit purchases from Nayna ₹8,000 were recorded as ₹8,800. (iii) Goods returned to Priya ₹12,000 were recorded as ₹12,200. (iv) Goods returned from Rashi ₹10,000 were recorded as ₹11,000. D.K.Goel/2024 Edition/Practical Questions/Q-03 For full question, please refer to the … Read more
2. Rectify the following errors: (i) Credit sales to Mridula ₹5,000 were recorded as ₹500. (ii) Credit purchases from Nayna ₹8,000 were recorded as ₹800. (iii) Goods returned to Priya ₹12,000 were recorded as ₹1,200. (iv) Goods returned from Rashi ₹10,000 were recorded as ₹1,000. D.K.Goel/2024 Edition/Practical Questions/Q-02 For full question, please refer to the … Read more
1. Rectify the following errors: (i) Credit sales to Mridula ₹5,000 were not recorded. (ii) Credit purchases from Nayna ₹8,000 were not recorded. (iii) Goods returned to Priya ₹12,000 were not recorded. (iv) Goods returned from Rashi ₹10,000 were not recorded. D.K.Goel/2024 Edition/Practical Questions/Q-01 For full question, please refer to the text book Accountancy … Read more
47. An accountant of a firm found that his Trial Balance was out (excess credit) by ₹742. He placed the amount in a Suspense Account and subsequently found the following errors: (i) A discount of ₹178 was allowed to Bharat but in his account only ₹100 is recorded (ii) The total of the Purchases Book … Read more
46. The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account. Pass the entries required to rectify the following errors which accounted for the difference. Also, prepare the Suspense Account: (i) A Sales Invoice for ₹1,000 for goods sold on credit to Mr. Robert was … Read more
45. Rectify the following errors found in the books of Bheem. Trial Balance had ₹930 excess Credit. The difference has been posted to a Suspense Account: (i) The total of Returns Inward Book has been cast ₹1,000 short. (ii) The purchase of an office table costing ₹3,000 has been passed through the Purchases Book. (iii) … Read more