2.Rectify the following errors
i)A discount of Rs 58 allowed to Mayank, customer has been credited to his account as Rs 85
ii)Credit sales to Raju for Rs 3,000 were recorded in the Purchase book
iii)Sales return book balance of Rs 500 was not included in the accounts
iv)An item of Rs 400 relating to prepaid insurance account was omitted to be brought forward form the previous year`s book
v)The total of one page of the sales book was carried forward to the next page as Rs 680 instead of 860
vi)Goods bought from a merchant for Rs 550 had been posted to credit of his account as Rs 5500
vii)Goods retuned from Seema Rs 5,000 were recorded in purchase return book . However Seema account was correctly credited.
viii)The total of purchase book has been undercast by Rs350
ix)Outstanding telephone charges of Rs 660 had been completely omitted.
x)An old plant sold for Rs 4,000 had been entered in the sales account.
Answers
Answer:
ctify the following errors without suspense account : 1.The returns outward book was undercast by Rs. 55. 2. A purchase from Rajan for Rs. 555 was entered in the Invoice book as Rs. 55.55. 3.Interest received from Gopalan Rs. 25 for loan given to him is credited to Gopalan's account instead of Interest on Loan Account. 4. A sale of old furniture amounting to increase flow of credit in economy. Reason
because it decrease the c
redit giving capacity commercial banksBoth maternal mortality and infant mortality were very high in the colonial era. Reason (R) – Both total population of India and the rate of population growth were very high in 1921. From the given alternatives choose the correct one: Alternatives: (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). (b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the
Explanation:
ctify the following errors without suspense account : 1.The returns outward book was undercast by Rs. 55. 2. A purchase from Rajan for Rs. 555 was entered in the Invoice book as Rs. 55.55. 3.Interest received from Gopalan Rs. 25 for loan given to him is credited to Gopalan's account instead of Interest on Loan Account. 4. A sale of old furniture amounting to increase flow of credit in economy. Reason
because it decrease the c
redit giving capacity commercial banksBoth maternal mortality and infant mortality were very high in the colonial era. Reason (R) – Both total population of India and the rate of population growth were very high in 1921. From the given alternatives choose the correct one: Alternatives: (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). (b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the
ctify the following errors without suspense account : 1.The returns outward book was undercast by Rs. 55. 2. A purchase from Rajan for Rs. 555 was entered in the Invoice book as Rs. 55.55. 3.Interest received from Gopalan Rs. 25 for loan given to him is credited to Gopalan's account instead of Interest on Loan Account. 4. A sale of old furniture amounting to increase flow of credit in economy. Reason
because it decrease the c
redit giving capacity commercial banksBoth maternal mortality and infant mortality were very high in the colonial era. Reason (R) – Both total population of India and the rate of population growth were very high in 1921. From the given alternatives choose the correct one: Alternatives: (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). (b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the
ctify the following errors without suspense account : 1.The returns outward book was undercast by Rs. 55. 2. A purchase from Rajan for Rs. 555 was entered in the Invoice book as Rs. 55.55. 3.Interest received from Gopalan Rs. 25 for loan given to him is credited to Gopalan's account instead of Interest on Loan Account. 4. A sale of old furniture amounting to increase flow of credit in economy. Reason
because it decrease the c
redit giving capacity commercial banksBoth maternal mortality and infant mortality were very high in the colonial era. Reason (R) – Both total population of India and the rate of population growth were very high in 1921. From the given alternatives choose the correct one: Alternatives: (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). (b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the
ctify the following errors without suspense account : 1.The returns outward book was undercast by Rs. 55. 2. A purchase from Rajan for Rs. 555 was entered in the Invoice book as Rs. 55.55. 3.Interest received from Gopalan Rs. 25 for loan given to him is credited to Gopalan's account instead of Interest on Loan Account. 4. A sale of old furniture amounting to increase flow of credit in economy. Reason
because it decrease the c
redit giving capacity commercial banksBoth maternal mortality and infant mortality were very high in the colonial era. Reason (R) – Both total population of India and the rate of population growth were very high in 1921. From the given alternatives choose the correct one: Alternatives: (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). (b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the
i