Question

15 Pass the necessary journal entries to rectifying the following errors:
[4]
O A credit sale of Rs. 500 to Ramesh omitted to be recorded in the books
ii) A credit sale of old furniture to Suresh for Rs. 500 omitted to be posted
(in) Goods (Cost Rs. 1,000, Sale Price Rs. 1,100)taken away by the proprietor were not
recorded anywhere
m) Goods (Cost Rs. 2,000, Sale Price Rs. 2,100) distributed as free samples among
prospective customers were not recorded anywhere.​

Answer 1

Answer:

JOURNAL ENTRIES :

1) Ramesh A/c Dr 500

To Sales A/c 500

2) Suresh A/c Dr 500

To Furniture A/c 500

3) Drawings A/c Dr 1000

To Purchases(Goods) A/c 1000

4) Advertisement A/c Dr 2000

To Purchases(Goods) A/c 2000