Question

Pass necessary journal entries to rectify the following errors
@) Sale ofan old machine for Rs. 4,500 was posted to Sales account.
(i) Rent ofproprietors residence of Rs. 12,000 was posted to Rent Account.
(ii) A credit to Brij Mohan of Rs. 6,750 was posted to his account as Rs. 4,750
(iv) Furniture purchased from M/s Decorates for Rs. 22,500 was entered in Purchases
Book

Answer 1

@) sales a/c dr. 4500
To old machine a/c. 4500


(i) Drawings a/c. dr. 12000
To rent a/c. 12000

(ii) suspense. a/c dr. 2000
To Brij Mohan 2000

(iv) furniture a/c dr. 22,500
To purchase a/c 22,500