Question

Q.2 a)Pass necessary Journal entries to rectify the following errors:

i) debit balance of Rs 2,500 in the account of Shyam, a creditor is included in the list of sundry debtors.

ii) A deposit of Rs 5,000 received from Mohan one of the debtors was credited to his personal account.

iii) Trade Creditors include Rs 4,000 to the credit of L.M. Corporation in respect of which it has been decided

and agreed with the party to pay only Rs1,000.

iv) Out of Bills Receivable in hand, one Bill for Rs 1,200 matured for payment in the last week of March.

However, the bill could not be collected on the date of maturity. This was not recorded in the books.

(v) A dishonour of a bill for Rs.5,000 which stands debited to the Debtors Account,60% thereof is considered

doubtful and has to be provided for accordingly.

(vi) A discount of Rs. 2,995 allowed by a supplier omitted to be recorded.

(vii) Rs.6,000 paid to Mr. Red against Bills Payable were debited by mistake to Mr. Green's Account and

included in the list of Sundry debtors.

(viii) Bills Payable include a Bill of Rs.1,000 which fell due on 31st March and was paid by the Bank as per

Standing instruction. The Bank charges in this connection amounted to Rs.100. No accounting effect has yet

been given in this regard.​

Answer 1

Answer:

no I don't know the answer

Explanation:

I don't think it was the best thing to do was affected in the decorations

Answer 2

Answer:

nhi pata bhai tumahara book me hoga