Question

Rectify the following errors :(1) an amount of Rs 2500 spend for the extension of machinery has been debited to wages account (2) rs 500 received from Sanjiv. Desal was credited to the account of Rs. Desal (3)A purchase of goods for rs 500 from geeta has been debited to furniture account. (4) Goods sold to Nisha for rs 475 have been wrongly entered in sale book as rs 745​

Answer 1

Answer:

2.Rectify the following errors

i)A discount of Rs 58 allowed to Mayank, customer has been credited to his account as Rs 85

ii)Credit sales to Raju for Rs 3,000 were recorded in the Purchase book

iii)Sales return book balance of Rs 500 was not included in the accounts

iv)An item of Rs 400 relating to prepaid insurance account was omitted to be brought forward form the previous year`s book

v)The total of one page of the sales book was carried forward to the next page as Rs 680 instead of 860

vi)Goods bought from a merchant for Rs 550 had been posted to credit of his account as Rs 5500

vii)Goods retuned from Seema Rs 5,000 were recorded in purchase return book . However Seema account was correctly credited.

viii)The total of purchase book has been undercast by Rs350

ix)Outstanding telephone charges of Rs 660 had been completely omitted.

x)An old plant sold for Rs 4,000 had been entered in the sales account.