Rectify the following errors a) Furniture purchased for Rs.10,000 debited to purchases a/c b) Sale of old machinery at a book value of Rs.13,000 was credited to sales account c) Rent paid to landlord Rs.4,000 debited to landlord account d) Goods withdrawn by the proprietor for his personal use for Rs.5, 000 debited to sundry expenses account. e) Sale of goods to Mohan on credit forRs.12,000 not recorded in the sales journal
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Explanation:
Rectify the following errors a) Furniture purchased for Rs.10,000 debited to purchases a/c b) Sale of old machinery at a book value of Rs.13,000 was credited to sales account c) Rent paid to landlord Rs.4,000 debited to landlord account d) Goods withdrawn by the proprietor for his personal use for Rs.5, 000 debited to sundry expenses account. e) Sale of goods to Mohan on credit forRs.12,000 not recorded in the sales journalRectify the following errors a) Furniture purchased for Rs.10,000 debited to purchases a/c b) Sale of old machinery at a book value of Rs.13,000 was credited to sales account c) Rent paid to landlord Rs.4,000 debited to landlord account d) Goods withdrawn by the proprietor for his personal use for Rs.5, 000 debited to sundry expenses account. e) Sale of goods to Mohan on credit forRs.12,000 not recorded in the sales journal1)Furniture for office was purchased on credit from Modern Furniture House for ₹540. An entry was passed for ₹450 in the Purchase Book. 2)₹700 paid for proprietor’s medical bill were debited to Sundry Expenses Account.