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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posted to Krishan's Account.(ii) Cash sale of ₹ 850 to Meenu was posted to the credit of Meena.(iii) Amount of ₹ 1,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account.(iv) Credit sale of old furniture to Mohan for ₹ 1,700 was posted as ₹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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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 (iii) Amount of ₹ 1,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account.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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