Question

Q1. Pass the necessary Journal Entries to rectify the Following Errors:
1. Goods Purchased from Shyam not recorded anywhere Rs. 1,000.

2. Good given as charity Rs. 200 not recorded.

3. Goods sold to Ramesh not recorded anywhere Rs. 500.

4. Goods withdrawn by owner for personal use Rs. 700 not recorded anywhere.

5. Amount due from Ajay Rs. 200 become bad debts not recorded.

6. Cash received from Hari Rs. 500 not recorded, which had been written off as bad debts in a previous year.

7. Goods worth Rs.350 sold to Hari on credit were omitted from the accounts although cash received Subsequently from his stands posted to his credit.

8. Goods returned by Amit Rs. 500 not recorded in books of Account.​

Answer 1

1. purchase to Shyam

2.charity to purchase

3.ramesh to sales

4.drawing to purchase

5.bad debts to ajay

6.cash to bad debts recovered

7.purchases to hari

8.sales returns to amit