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 (iii) An amount of ₹3,000 withdrawn by the proprietor of the firm for his personal use was posted to the … Read more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
14. Rectify the following errors assuming that there is no Suspense Account: (i) The Returns Inward Book has been overcasted by ₹200. (ii) Purchases Book carried forward ₹75 less. (iii) Sales Book carried forward ₹41 less on Page 10 and ₹43 more on Page 12. (iv) Goods sold to Gurman were posted as ₹215 instead … Read more
13. Which of the following errors will affect the Trial Balance? (i) The total of the Sales Book has not been posted to the Sales Account. (ii) ₹1,000 paid as installation charges of a new machine has been debited to Repairs Account. (iii) Goods costing ₹4,000 taken by the proprietor for personal use have been … Read more
12. Rectify the following errors: (i) Purchases Book has been undercast by ₹1,000. (ii) Credit sale to Anu Prakash ₹7,000 was recorded in Purchases Book. (iii) Credit sale to Rahul ₹7,000 was recorded as ₹700. T.S.Grewal/2024 Edition/Practical Problems/Q-12 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for … Read more
11. Rectify the following errors assuming that there is no Suspense Account: (i) Salary of ₹10,000 paid to Rahul was not posted to Salaries Account. (ii) Sales to Amrish of ₹1,430 posted to his account as ₹1,340. (iii) Sales to Vijay of ₹2,470 posted to his account as ₹2,740. (iv) Purchases from Pal of ₹1,430 … Read more
10. Following errors affecting the accounts for the year 2023-24 were detected in the books of Das & Co., Meerut: (i) Sale of old furniture for ₹8,000 was treated as sales of goods. (ii) Rent of proprietor’s residence ₹6,000 was debited to Rent Account. (iii)) Cash received from Rajesh ₹7,150 was credited to Brajesh. Pass … Read more
9. Rectify the following errors: (i) Anil’s Account was excess debited by ₹500 while Suraj’s Account was short debited by ₹500. (ii) Goods purchased from Kunal for ₹8,000 and from Kapil of ₹9,000 recorded correctly in the Purchases purchased Book. However, ₹9,000 was posted to Kunal and ₹8,000 to Kapil. (iii) Parkar’s Account was short … Read more
8. Give rectifying Journal entries for the following errors: (i) Goods returned by Mohan of ₹2,500 not recorded in books. (ii) Goods distributed as free samples for ₹8,000 not recorded. (iii) Depreciation of machinery of ₹10,000 not charged. (iv) Goods costing ₹7,800, selling price ₹10,000 given as charity not recorded. T.S.Grewal/2024 Edition/Practical Problems/Q-08 For full … Read more