32. Give the Journal entries to rectify the following errors:
(i) Purchases Book was overcast by ₹1,000.
(ii) Installation charges on new machinery purchased ₹500 were debited to Sundry Expenses Account as ₹50.
(iii) Radhey Shyam returned goods worth ₹500 which was entered in the Purchases Return Book.
(iv) Goods taken by the proprietor for ₹5,000 have not been entered in the books at all
T.S.Grewal/2024 Edition/Practical Problems/Q-32
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.