30. Rectify the following entries assuming that the narration in each case is Correct:
| Date | Particulars | L.F. | Amount Debit (₹) |
Amount Credit (₹) |
|
|---|---|---|---|---|---|
| May 4 | Building A/c | Dr. | 5,00,000 | ||
| Brokerage A/c | Dr. | 10,000 | |||
| To Bank A/c | 5,10,000 | ||||
| (Purchase of building and payment of brokerage on its purchase) | |||||
| May 10 | Drawings A/c | Dr. | 12,000 | ||
| To Sales A/c | 12,000 | ||||
| (Goods taken away by the proprietor for personal use) | |||||
| May 16 | Filing Cabinet A/c | Dr. | 4,000 | ||
| Electric Fan A/c | Dr. | 2,500 | |||
| To Cash A/c | 6,500 | ||||
| (Purchase of filing cabinet and an electric fan) | |||||
| May 18 | Cash A/c | Dr. | 8,730 | ||
| To Sales A/c | 8,730 | ||||
| (Goods worth ₹10,000 sold at 10% trade discount and 3% cash discount) | |||||
| May 20 | Bank A/c | Dr. | 10,000 | ||
| To Naresh | 10,000 | ||||
| (Receipt of 25 paise per rupee from the estate of Naresh who is declared insolvent) | |||||
| May 31 | Bank Charges A/e | Dr. | 150 | ||
| To Cash A/c | 150 | ||||
| (Charges made by bank for its services) | |||||
D.K.Goel/2024 Edition/Practical Questions/Q-30
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company