Question

amount of Rs 200 due from mahesh Chand which had been written off as a baddebts in a previous year was unexpected recovered and had been posted to the personal account of mahesh Chand ​

Answer 1

Answer:

Pass the Journal entries to rectify the following errors detected during preparation of the Trial Balance: <br> Purchase Book is undercast by Rs. 1,000. <br> (ii) Wages paid for construction of office debited to Wages Account Rs. 20,000. <br> (iii) A credit sale of goods Rs. 1,200 to Ramesh has been wrongly passed through the Purchases Book. <br> (iv) Goods purchased for Rs. 5,000 were posted as Rs. 500 to the Purchases Account. <br> (v) An amount of Rs. 2,000 due from Muhesh Chand which had been written off as a bad debt in previous year was unexpectedly recovered has been posted to the personal account of Mahesh Chand. <br> (vi) A credit purchase of Rs. 1,040 from Ramesh was passed in the books as Rs. 1,400. <br> (vii) Goods (Cost Rs. 5,000, Sales Price Rs. 6,000) distributed as free samples among prospective customers were not recorded anywhere. <br> (viii) Goods worth Rs. 1,500 returned by Green & Co. have not recorded anywhere.