Pass Rectifying Journal entries for the following errors:- 8
a) Sale of Goods to Raj of Rs.40,000 was wrongly passed through Purchase Book, however Raj’s Account
was correctly posted.
b) Returns inward book was undercast by Rs.9,000.
c) Cash Received Rs.20,000 from Rakesh, a tenant was credited to his personal account.
d) Cheque of Rs.30,000 was issued in favour of RK& Sons, omitted to be posted:-
i. Goods returned by Mehesh Rs 3,600 debited to his account with Rs. 360.
ii. Sales Book was overcast by Rs.10,000.
iii. Rent of Rs.30,000 paid to landlord, was omitted to be recorded.
iv. Rs.20,000 received from Rajesh, was recorded in books as Rs.2,000
Answers
Answer:Answers:-The total money finally after all the transactions is 20,000 rupees.
Explanation:
Pass Rectifying Journal entries for the following errors:- 8
a) Sale of Goods to Raj of Rs.40,000 was wrongly passed through Purchase Book, however Raj’s Account
was correctly posted.
b) Returns inward book was undercast by Rs.9,000.
c) Cash Received Rs.20,000 from Rakesh, a tenant was credited to his personal account.
d) Cheque of Rs.30,000 was issued in favour of RK& Sons, omitted to be posted:-
i. Goods returned by Mehesh Rs 3,600 debited to his account with Rs. 360.
ii. Sales Book was overcast by Rs.10,000.
iii. Rent of Rs.30,000 paid to landlord, was omitted to be recorded.
iv. Rs.20,000 received from Rajesh, was recorded in books as Rs.2,000
Answers:-The total money finally after all the transactions is 20,000 rupees.
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