Question

(b).RectifythefollowingerrorsofMr.GopalLtd

i. SalesofoldFurnitureforRs.2000treatedassalesA/c

ii. Rs.12000paidofsalary,debitedtoNishapersonalA/c

iii. Rs.5000withdrawnbytheproprietorforhispersonalusehasbeen

debitedtotradeexpensesa/c

iv. CashreceivedfromBilalRs.300wascreditedtoBabera/c

v. ThereturninwardbookhasbeenovercastRs.500

vi. PurchaseofRs.1010fromsangeethacreditedtoheraccountRs.110​

Answer 1

1 Furniture A/c______Dr 2000

To sales A/c. 2000

(being furniture be sold)

2 salary A/c__________Dr 12000

To cash A/c. 12000

(being salary be paid)

3 Drawing A/c________Dr 5000

To cash A/c. 5000

(being cash withdrawal for personal use)

4 babera A/c________Dr 300

To cash A/c. 300

(being cash received from bilal was credited to babera)

5 overcast A/c_____Dr 500

To cash A/c. 500

(being cash paid for overcast)