Question

Question 17.
Correct the following errors in Mohan Lal’s Book:
(i) A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account.
(ii) Returns Outward Journal has been overcast by ₹ 85.
(iii) Basudev returned goods worth ₹ 500; his account was debited by this amount.
(iv) Purchase from Krishna Mohan of ₹ 2,250 has been debited to his account.

Answer 1

ok

Question 17.

Correct the following errors in Mohan Lal’s Book:

(i) A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account.

(ii) Returns Outward Journal has been overcast by ₹ 85.

(iii) Basudev returned goods worth ₹ 500; his account was debited by this amount.

(iv) Purchase from Krishna Mohan of ₹ 2,250 has been debited to his account.

Answer 2

The journal entries are shown below:

Explanation:

The journal entries are as:

1.

Depreciation A/c............................Dr   Rs 1,500

      To Suspense A/c..........................Cr   Rs 1,500

Being amount of depreciation is not recorded, now rectified.

2.

Return Outward A/c.......................Dr   Rs 85

      To Suspense A/c..........................Cr   Rs 85

Being return outward overstated, now rectified.

3.

Suspense A/c....................Dr  Rs 500

     To Basu Dev A/c.............Cr  Rs 500

Being goods returned by Basedev was wrongly debited, now rectified.

4.

Suspense A/c....................Dr  Rs 2,250

     To Krishan Mohan A/c.............Cr  Rs 2,250

Being goods purchased from Krishan Mohan was wrongly debited, now rectified.

You can learn more from here about journal entries:

brainly.in/question/8370405

brainly.in/question/14316806