Question

Rectify the following errors. [a] A purchase of goods from Devan amounting to Rs.5,000 has been wrongly passed through sales book.
[b] A credit sale of goods for Rs. 10,000 to Krishnan has been passed through purchases book.
[c] A bills receivable received for Rs. 1,500 from Johny has been passed through bills payable book.
[d] A cheque for Rs. 750 received as commission has been credited to proprietor's​

Answer 1

Answer:

(a) purchase a/c dr. 5000

To cash a/c. 5000

(b) krishnan a/c dr. 10000

To sales a/c 10000

(c) bill receivable a/c dr. 1500

To Johny a/c 1500

(d) bank a/c dr. 750

To commission a/c. 750