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 machinery ₹3,000 was posted to Machinery Account as ₹300.

  T.S.Grewal/2024 Edition/Practical Problems/Q-17

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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