Question

Question 2.
How will you rectify the following errors?
(i) Sales Book is short casted by ₹ 5,000.
(ii) Sales Return Book is short casted by ₹ 500.
(iii) Balance of Sales Book is carried forward short by ₹ 1,000.
(iv) Balance of Sales Return Book is carried forward short by ₹ 100.

Answer 1

Answer:

Hope you have understood

Answer 2

The journal entries are shown below:

Explanation:

The journal entries are as follows:

1.

Suspense A/c..........................Dr  Rs 5,000

  To Sales A/c...................................Cr  Rs 5,000

Being the sales book is understated is now rectified.

2.

Sales Return A/c..........................Dr  Rs 500

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

Being the sales return book is understated is now rectified.

3.

Suspense A/c..........................Dr  Rs 1,000

  To Sales A/c...................................Cr  Rs 1,000

Being the sales book is carried forward in short is now rectified.

4.

Sales Return A/c..........................Dr  Rs 100

  To Suspense A/c...............................Cr  Rs 100

Being the sales return book is carried forward in short is now rectified.

You can learn more from here about journal entry:

brainly.in/question/8370405

You can learn more from here about journal entry:

brainly.in/question/14316806