Question

Rectify the following errors:
(i) A check of ₹5,000 received from Ashish was dishonoured and was debited to discount account.
(ii) Purchases of ₹540 from Ramneek was written in the sales book but was correctly posted to correct side of Ramneek's Account.
(iii) Salary paid to Miss Yugakshi ₹1,000 was debited to her personal account as ₹900.
(iv) Furniture costing ₹500, purchased from Jyoti, was wrongly entered in the Purchases book Book as ₹450.

Answer 1

i) discount A\C debit
   to bank A\C
ii) sales A\C debit
    to purchase A\C
iii) salary A\C debit             100
    to yugakshi A\C                        100
iv)purchase A\C debit           50
    to furniture A\C                           50
and...
furniture A\C debit                 50
to jyoti's A\C                                    50