24. Give rectifying Journal entries for the following errors: (i) Sales of goods to Madan ₹6,000 were entered in the Sales Book as ₹600. (ii) Credit purchase of ₹1,500 from Ajay has been wrongly passed through the Sales Book. (iii) Repairs to building ₹300 were debited to Building Account. (iv) ₹2,050 paid to Rohit is … Read more
23. Pass the rectifying entries for the following: (i) Sales of goods ₹6,000 to Madan were recorded as ₹600 in the Sales Book. (ii) Credit purchase of goods from Mohan amounting to ₹2,000 has been wrongly passed through the Sales Book. (iii) Return of goods worth ₹500 by a customer was entered in Purchases Return … Read more
22. Mukesh found that the Trial Balance did not agree. He found the following errors: (i) In the Sales Book for the month of January, total of Page No. 3 was carried forward to Page No. 4 as ₹1,000 instead of ₹1,200 and total of Page No. 7 was carried forward to Page No. 8 … Read more
21. Rectify the following errors: (i) Purchases Book is overcast by ₹500. (ii) Salary paid to an employee, Ajay, is debited to his Personal Account ₹3,000 (iii) Goods sold to Shashi on credit ₹300 have been wrongly passed through the Purchases Book. (iv) Total of Returns Inward Book has been added ₹9 short (v) Purchase … Read more
20. Rectify the following errors: (i) Total of one page of the Sales Book was carried forward to the next page as ₹2,785 instead of ₹2,587. (ii) A cheque of ₹400 received from Mohan was dishonoured and had been posted to the debit side of the Allowance Account. (iii) Return of goods worth ₹5,000 by … Read more
19. Pass the Journal entries rectifying the following errors: (i) Purchases of ₹20,000 was omitted to be recorded. (ii) Purchases of office furniture of ₹10,000 was recorded in Purchases Book. (iii) Office Rent of ₹15,000 was debited to the Personal Account of the landlord. (iv) Old machine sold for ₹7,000 was credited to Sales Account. … Read more
18. Give the rectifying entries of the following: (i) Sales of ₹20,000 to Sunil was recorded as ₹2,000 in the Sales Book. (ii) An amount of ₹35,000 spent for the extension of machinery has been debited to the Wages Account. (iii) Discount received from Ram & Co. ₹350, has not been entered in the discount … Read more
17. Rectify the following errors by passing Journal entries: (i) Old furniture sold for ₹500 has been credited to Sales Account. (ii) Machinery purchased on credit from Raman for ₹2,000 recorded through Purchases Book as ₹16,000. (iii) Cash received from Rajat ₹5,000 was posted to the debit of Bhagat as ₹6,000. (iv) Depreciation provided on … Read more
16. Following errors are discovered in the books of Ram Lal. Make the necessary entries to rectify them: (i) Purchases Journal was undercasted by ₹6,150. (ii) ₹500 received from Krishna was debited to his account. (iii) An amount of ₹3,000 withdrawn by the proprietor of the firm for his personal use was posted to the … Read more
15. Pass Journal entries to rectify the following errors which were located after preparing the Trial Balance: (i) The Sales Book was overcast by ₹500. (ii) Credit purchases from Aradhya ₹6,000 were posted to the debit of her account of ₹9,000. (iii) Goods returned from Ayan ₹8,000 were recorded in Purchases Return Book. (iv) Wages … Read more