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 (iii) An amount of ₹3,000 withdrawn by the proprietor of the firm for his personal use was posted to the … Read more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
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