Question

11. Rectify the following errors :
() The returns outward book was undercast by Rs. 55.
(ii) A purchase from Rajan for Rs. 555 was entered in the Invoice book as Rs. 55.55.
(ii) Interest received from Gopalan Rs. 25 for loan given to him is credited to
Gopalan's account instead of Interest on Loan Account.
(iv) A sale of old furniture amounting to Rs. 75 had been credited to sales account.
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Answer 1

Answer:

Suspense A/c dr 55

To Return outward book A/c 55