Question

Rectify the following errors:
(i) Total of one page of the Sales Book was
carried forward to the next page as 2,785
instead of 2,587.
(ii) A cheque of 400 received from Mohan was
dishonoured and had been posted to the debit
side of the 'Allowance Account'.
(iii) Return of goods worth 5,000 by a customer
was entered in the Purchases Return Book.
(iv) Sum of 200 owed by 'X' has been included
in the list of Sundry Creditors.
(v) Sale of old furniture worth 430 was credited
to the Sales Account as 340.​

Answer 1

Answer:

1. sale account. dr 198

.. To suspense acc. 198

2.Mohan. dr. 400

. To Allowance account. 400

3. sale return account. dr 5000

Purchase return account dr 5000

To Customer a/c. 10000

4. Sundry debtors dr 200

Sundry creditors dr 200

To X. 400

5. Sale account. dr 340

Suspense account dr 90

To Old furniture account. 430