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Pass the necessary Journal entries to rectify the following errors:(i) Credit sale of ₹ 570 to Mohan was recorded as ₹ 750.(ii) Credit sale of ₹ 850 to Sohan was recorded as sale to Mohan.(iii) Credit sale of ₹ 850 to Meenu was recorded as sale to Meena as ₹ 580.(iv) Credit sale of ₹ 850 to Ram was recorded in the Purchases Book.(v) Credit sale of old machinery to Sohan for ₹ 1,700 was entered in the Sales Book as ₹ 7,100.(vi) Bill Receivable for ₹ 5,000 accepted by Mahinder recorded as acceptance given to Mahinder for ₹ 6,000. |
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Answer» Pass the necessary Journal entries to rectify the following errors: (i) Credit sale of ₹ 570 to Mohan was recorded as ₹ 750. (ii) Credit sale of ₹ 850 to Sohan was recorded as sale to Mohan. (iii) Credit sale of ₹ 850 to Meenu was recorded as sale to Meena as ₹ 580. (iv) Credit sale of ₹ 850 to Ram was recorded in the Purchases Book. (v) Credit sale of old machinery to Sohan for ₹ 1,700 was entered in the Sales Book as ₹ 7,100. (vi) Bill Receivable for ₹ 5,000 accepted by Mahinder recorded as acceptance given to Mahinder for ₹ 6,000. |
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