Question

Q5. Q. 10. Pass Journal Entries to rectify the following errors :— 7 marks

(1) Machinery purchased for Rs.5,000 has been debited to Purchases A/c.
(2) Rs.700 paid to Sh. Mohan Kapoor as Legal Charges were debited to his personal account.
(3) Rs. 10,000 paid to Escorts Company for Machinery purchased stand debited to Escorts Company account.
(4) Typewriter purchased for Rs.6,000 was wrongly passed through purchase book.
(5) Rs.20,000 paid for the purchase of a Motor Cycle for proprietor has been charged to ‘General Expenses’ A/c.
(6) Rs. 15,000 paid for the purchase of‘Gas Engine’ were debited to ‘Purchases’ A/c. (7) Cash paid to Ram Rs.400 was debited to the account of Shyam.

Answer 1

Answer:

Explanation:veiw screenshot