Rectify the following errors:
(1) Furniture purchased for ` 10,000 wrongly debited to purchase account as ` 4,000.
(2) An item of ` 626 written off as a bad debt from chander has not been debited to bad debts A/c.
(3) The sale of ` 430 to Ramdas was credited in his account as ` 340.
(4) Credit purchases from S & Co. for ` 6,000 were recorded in Sales Book. However, S & Co. was
correctly credited.
(5) Closing stock has been overvalued by ` 1,500.
(6) A debit balance of ` 5,000 on the personal account of Mr. Johan (correctly shown in the ledger) had
been omitted when extracting a trial balance.
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Answer:
Furniture Ac Dr 6000
to purchase ac 6000
Explanation:
I am not fully sure .If it is correct (you please check and comment)I will put remaining as comment
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