Question

Rectify the following errors in the books of Chanderi Handloom 1. Sarees sold to Mahendra store on credit for 10,000 were recorded in Cash book. Lehengas purchased from Surjesh mills for 7 15,000 were posted to Suresh Mills as 1,500. 3. B/R drawn on us by Princess Ltd. for 50,000 was not recorded anywhere. 4. Sales return of 300 by Mahendra store wàs recorded in return outward book as 3,000 and posted to credit of Mahendra store as 3,000.​

Answer 1

Answer:

Rectify the following errors in the books of Chanderi Handloom 1. Sarees sold to Mahendra store on credit for 10,000 were recorded in Cash book. Lehengas purchased from Surjesh mills for 7 15,000 were posted to Suresh Mills as 1,500. 3. B/R drawn on us by Princess Ltd. for 50,000 was not recorded an