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Give rectifying Journal entries for the following errors:(i) Sales of goods to Madan ₹ 6,000 were entered in the Sales Book as ₹ 600.(ii) Credit purchase of ₹ 1,500 from Ajay has been wrongly passed through the Sales Book.(iii) Repairs to building ₹ 300 were debited to Building Account.(iv) ₹ 2,050 paid to Rohit is posted to the debit of Mohit’s Account as ₹ 5,020.(v) Purchases Return Book is overcasted by ₹ 400. |
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Answer» Give rectifying Journal entries for the following errors: (i) Sales of goods to Madan ₹ 6,000 were entered in the Sales Book as ₹ 600. (ii) Credit purchase of ₹ 1,500 from Ajay has been wrongly passed through the Sales Book. (iii) Repairs to building ₹ 300 were debited to Building Account. (iv) ₹ 2,050 paid to Rohit is posted to the debit of Mohit’s Account as ₹ 5,020. (v) Purchases Return Book is overcasted by ₹ 400. |
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