Question

rectify the following errors.
a. Rs 150 related to purchase of office stationery has been wrongly debited to the personal account of the owner.
b. goods bought from John credit for Rs 525 were not passed through the subsidiary book.
c. A bill receivable from Joseph was passed through the bills payable book.
d. A machinery costing Rs 5200 has been debited to purchase account.​

Answer 1

Answer:

a. Stationery A/c. Dr  150

        To Owner A/c. 150

b. Purchase a/c Dr  525

           To  John a/c   525

c. Bills Receivable A/c. Dr

   Biils Payable A/c  Dr

                   To Suspense A/c

d. Machinery A/c  Dr  5200

          To Purchase A/c 5200

Explanation: