Question

16. Rectify the following errors:

i) Rs. 5000 paid for the installation of machinery debited to wages account.

ii) An amount of Rs. 2860 due from Prasad, written off as bad in previous year, was recovered and

credited to his personal account.

iii) Rs. 8000 Salary paid to Varun, an employee, debited to his personal account.

iv) A credit sale of old furniture to Rohan for Rs. ​

Answer 1

Answer:

Machinery A/C Dr. 5000

To Wages A/C 5000

Prasad A/C Dr. 2860

To Bad Debts Recovered A/C 2860

Salary A/C Dr. 8000

To Varun A/C 8000

iv one is half visible, kindly post remaining so that the community can help...