Question

Rectify the following errors by passing necessary journal entries. (20)
i. Foods sold to Sameer for Rs. 9000 were debited to his account as Rs. 900.
ii. Sales book was under-cast by Rs. 2500.
iii. Rs. 10,000 received from X were not posted to his account.
iv. Goods bought from Asim for Rs. 16,000 were omitted to be recorded in the book.
v. Furniture purchased from Liaquat & Co. for Rs.8000 was wrongly passed through purchase book.
vi. Rs. 3000 received from Salim were wrongly credited to Kalim A/c.

Answer 1

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