How will you rectify the following errors?(i) ₹ 500 spent on building repairs has been debited to the Building Account.(ii) Furniture worth ₹ 5,000 purchased from X on credit omitted from being recorded in the books.(iii) Total of Returns Inward Book was added by ₹ 200 instead of ₹ 250.(iv) Goods purchased from Mohan for ₹ 5,000 was passed through Returns Inward Book.(v) Goods returned to Ram was passed through Sales Book.(vi) Bills payable of ₹ 5,000 accepted in favour of Murari, was passed through bills receivable book with ₹ 500 but Murari's account was correctly debited.

How will you rectify the following errors?(i) ₹ 500 spent on buildin

1.	How will you rectify the following errors?(i) ₹ 500 spent on building repairs has been debited to the Building Account.(ii) Furniture worth ₹ 5,000 purchased from X on credit omitted from being recorded in the books.(iii) Total of Returns Inward Book was added by ₹ 200 instead of ₹ 250.(iv) Goods purchased from Mohan for ₹ 5,000 was passed through Returns Inward Book.(v) Goods returned to Ram was passed through Sales Book.(vi) Bills payable of ₹ 5,000 accepted in favour of Murari, was passed through bills receivable book with ₹ 500 but Murari's account was correctly debited.
Answer» How will you rectify the following errors? (i) ₹ 500 spent on building repairs has been debited to the Building Account. (ii) Furniture worth ₹ 5,000 purchased from X on credit omitted from being recorded in the books. (iii) Total of Returns Inward Book was added by ₹ 200 instead of ₹ 250. (iv) Goods purchased from Mohan for ₹ 5,000 was passed through Returns Inward Book. (v) Goods returned to Ram was passed through Sales Book. (vi) Bills payable of ₹ 5,000 accepted in favour of Murari, was passed through bills receivable book with ₹ 500 but Murari's account was correctly debited.