Rectify the following errors (i) Salary paid Rs. 5,000 was debited to

1.	Rectify the following errors (i) Salary paid Rs. 5,000 was debited to employee's personal account. (ii) Rent paid Rs. 4,000 was posted to landlord's personal account. (iii) Goods withdrawn by proprietor for personal use Rs 1,000 were debited to sundry expenses account. (iv) Cash received from Kohli Rs. 2,000 was posted to Kapur's account. (v) Cash paid to Babu Rs. 1,500 was posted to Sabu's account. (vi) Goods sold to Rohan on credit amounting to Rs. 700 were omitted from the accounts although cash received subsequently from him stands posted to his credit. (vii) On 31st March, goods of the value of Rs. 6,000 were returned by Rohan and were taken into stock on the same date but entry was not passed in the books.
Answer» Rectify the following errors (i) Salary paid Rs. 5,000 was debited to employee's personal account. (ii) Rent paid Rs. 4,000 was posted to landlord's personal account. (iii) Goods withdrawn by proprietor for personal use Rs 1,000 were debited to sundry expenses account. (iv) Cash received from Kohli Rs. 2,000 was posted to Kapur's account. (v) Cash paid to Babu Rs. 1,500 was posted to Sabu's account. (vi) Goods sold to Rohan on credit amounting to Rs. 700 were omitted from the accounts although cash received subsequently from him stands posted to his credit. (vii) On 31st March, goods of the value of Rs. 6,000 were returned by Rohan and were taken into stock on the same date but entry was not passed in the books.

Rectify the following errors (i) Salary paid Rs. 5,000 was debited to employee's personal account. (ii) Rent paid Rs. 4,000 was posted to landlord's personal account. (iii) Goods withdrawn by proprietor for personal use Rs 1,000 were debited to sundry expenses account. (iv) Cash received from Kohli Rs. 2,000 was posted to Kapur's account. (v) Cash paid to Babu Rs. 1,500 was posted to Sabu's account. (vi) Goods sold to Rohan on credit amounting to Rs. 700 were omitted from the accounts although cash received subsequently from him stands posted to his credit. (vii) On 31st March, goods of the value of Rs. 6,000 were returned by Rohan and were taken into stock on the same date but entry was not passed in the books.

Answer»

Rectify the following errors

(i) Salary paid Rs. 5,000 was debited to employee's personal account.

(ii) Rent paid Rs. 4,000 was posted to landlord's personal account.

(iii) Goods withdrawn by proprietor for personal use Rs 1,000 were debited to sundry expenses account.

(iv) Cash received from Kohli Rs. 2,000 was posted to Kapur's account.

(v) Cash paid to Babu Rs. 1,500 was posted to Sabu's account.

(vi) Goods sold to Rohan on credit amounting to Rs. 700 were omitted from the accounts although cash received subsequently from him stands posted to his credit.

(vii) On 31st March, goods of the value of Rs. 6,000 were returned by Rohan and were taken into stock on the same date but entry was not passed in the books.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment