34. Rectify the following errors by passing Journal entries: (i) A sum of ₹470 received from Ganga was posted to her debit as ₹740. (ii) A debit balance of ₹550 in the personal account of Mr. John was undercast. (iii) Cheque from Brown for ₹3,000 posted to the credit of Expenses Payable Account and credited … Read more
33. Rectify the following errors: (i) The total of one page of Sales Book was carried forward as ₹37l instead of ₹317 (ii) ₹540 received from Yatin was posted to the debit of his Account. (iii) Purchases Returns Book was overcast by ₹300. (iv) An item of ₹1,062 entered in Sales Return Book had been … Read more
32. Give the Journal entries to rectify the following errors: (i) Purchases Book was overcast by ₹1,000. (ii) Installation charges on new machinery purchased ₹500 were debited to Sundry Expenses Account as ₹50. (iii) Radhey Shyam returned goods worth ₹500 which was entered in the Purchases Return Book. (iv) Goods taken by the proprietor for … Read more
31. Rectify the following errors: (i) Sale of old furniture worth ₹3,000 treated as sales of goods. (ii) Sales Book added ₹5,000 short. (iii) Rent of proprietor’s residence, ₹6,500 debited to Rent Account. (iv) Goods worth ₹11,970 returned by Manav posted to his debit as ₹11,790. (Delhi) T.S.Grewal/2024 Edition/Practical Problems/Q-31 For full question, please … Read more
30. Rectify the following errors: (i) Wages paid for the construction of office debited to the Wages Account, ₹5,000. (ii) Machinery purchased for ₹35,000 was passed through the Purchases Book. (iii) Old furniture sold for ₹1,000, passed through the Sales Book. (iv) ₹2,000 paid to Mehta Bros. were debited to Malhotra Bros. Account. (v) Sales … Read more
29. (i) What are the different causes that make a Trial Balance incorrect? (ii) Pass the rectifying Journal entries: (a) A credit sale of goods for ₹2,500 to Krishna has been wrongly passed through the Purchases Book. (b) ₹5,000 paid for freight on machinery purchased was debited to the Freight Account as ₹500. (c) The … Read more
28. Pass Journal entries to rectify the errors in the following cases: (i) A purchase of goods from David amounting to ₹150 has been wrongly passed through the Sales Book. (ii) A credit sale of goods oft ₹120 to Peter has been wrongly passed through the Purchases Book. (iii) ₹200, salary paid to Cashier, Bimal, … Read more
27. Rectify the following errors: (i) Sales Book has been totalled ₹1,000 short. (ii) Goods worth ₹1,500 returned by Green & Co, have not been recorded anywhere. (iii) Goods purchased worth ₹2,500 have been posted to the debit of the supplier, Gupta & Co. (iv) Furniture purchased from Gulab & Co. worth ₹10,000 has been … Read more
26. Pass Journal entries rectifying the following errors: (i) A cheque for ₹20,000 was received from Ranjan on which ₹200 Cash Discount was allowed. The cheque was not honoured on due date and the amount of discount was credited to Discount Received Account. (ii) ₹5,000 paid as wages for machinery installation was debited to Wages … Read more
25. Give rectifying entries for the following: (i) ₹5,400 received from A was posted to the debit of his account. (ii) The total of Sales Return Book overcasted by ₹800. (iii) ₹2,740 paid for repairs to motor car was debited to Motor Car Account as ₹1,740. (iv) Returned goods to Shyam ₹1,500 were passed through … Read more