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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. |
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Answer» 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. |
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