1.

Pass the necessary Journal entries to rectify the following errors:(i) Credit sale of ₹ 850 to Kishan was posted to Krishan's Account.(ii) Cash sale of ₹ 850 to Meenu was posted to the credit of Meena.(iii) Amount of ₹ 1,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account.(iv) Credit sale of old furniture to Mohan for ₹ 1,700 was posted as ₹ 7,100.(v) Credit sale of old furniture to Babu Ram for ₹ 3,000 was credited to Sales Account.(vi) Cheque of ₹ 1,280 received from Farid was dishonoured and has been posted to the debit of Sales Return Account.

Answer» Pass the necessary Journal entries to rectify the following errors:

(i) Credit sale of ₹ 850 to Kishan was posted to Krishan's Account.

(ii) Cash sale of ₹ 850 to Meenu was posted to the credit of Meena.

(iii) Amount of ₹ 1,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account.

(iv) Credit sale of old furniture to Mohan for ₹ 1,700 was posted as ₹ 7,100.

(v) Credit sale of old furniture to Babu Ram for ₹ 3,000 was credited to Sales Account.

(vi) Cheque of ₹ 1,280 received from Farid was dishonoured and has been posted to the debit of Sales Return Account.


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