Pass the necessary journal entries to rectify the following errors (i)

1.	Pass the necessary journal entries to rectify the following errors (i) Credit sale of Rs. 1,700 to Raj was recorded as sales to Aryan. (ii) Credit sale of old machinery to Sohan for Rs. 1,700 was entered in the sales book for Rs. 7,100. (iii) Credit sales to Mohan Rs. 7,000 were not recorded. (iv) Credit purchase from Rohan Rs. 9,000 were not recorded. (v) Goods returned to Rakesh Rs. 4,000 were not recorded. (vi) Goods returned from Mahesh Rs. 1,000 were not recorded.
Answer» Pass the necessary journal entries to rectify the following errors (i) Credit sale of Rs. 1,700 to Raj was recorded as sales to Aryan. (ii) Credit sale of old machinery to Sohan for Rs. 1,700 was entered in the sales book for Rs. 7,100. (iii) Credit sales to Mohan Rs. 7,000 were not recorded. (iv) Credit purchase from Rohan Rs. 9,000 were not recorded. (v) Goods returned to Rakesh Rs. 4,000 were not recorded. (vi) Goods returned from Mahesh Rs. 1,000 were not recorded.

Pass the necessary journal entries to rectify the following errors (i) Credit sale of Rs. 1,700 to Raj was recorded as sales to Aryan. (ii) Credit sale of old machinery to Sohan for Rs. 1,700 was entered in the sales book for Rs. 7,100. (iii) Credit sales to Mohan Rs. 7,000 were not recorded. (iv) Credit purchase from Rohan Rs. 9,000 were not recorded. (v) Goods returned to Rakesh Rs. 4,000 were not recorded. (vi) Goods returned from Mahesh Rs. 1,000 were not recorded.

Answer»

Pass the necessary journal entries to rectify the following errors

(i) Credit sale of Rs. 1,700 to Raj was recorded as sales to Aryan.

(ii) Credit sale of old machinery to Sohan for Rs. 1,700 was entered in the sales book for Rs. 7,100.

(iii) Credit sales to Mohan Rs. 7,000 were not recorded.

(iv) Credit purchase from Rohan Rs. 9,000 were not recorded.

(v) Goods returned to Rakesh Rs. 4,000 were not recorded.

(vi) Goods returned from Mahesh Rs. 1,000 were not recorded.