Write rectification entries for the errors found in the books of Priyansh 1. Goods purchased of Rs. 3000 from Chiranshi is recorded correctly in purchase book,but posting is omitted in her account. 2. Goods sold to Tajagna Rs. 5000 is correctly recorded in sales book, but her account is posted twice. 3. Rs. 500 received from vaidehi is posted to her account by Rs.50. 4. Rs. 2500 received from Ayush is correctly recorded in cash book , butRs.500 has been debited to his account. 5. Opening balance of a debtor, Keval Rs. 5100 is carried forward on credit side. 6. Rs. 2500 paid to a creditor Zeel is debited to her account byRs.500 while posting from cashbook. 7. Opening balance of machine account Rs. 54000 is recorded as Rs.45000. 8. Credit balance of bank loan account Rs. 7500 is omitted to be recorded in trial balance. 9. Balance of rent paid Rs. 860 is recorded as credit balance by Rs.680 in trial balance. 10. Total of sales return book under cast by Rs.500.

Write rectification entries for the errors found in the books of Pri

1.	Write rectification entries for the errors found in the books of Priyansh 1. Goods purchased of Rs. 3000 from Chiranshi is recorded correctly in purchase book,but posting is omitted in her account. 2. Goods sold to Tajagna Rs. 5000 is correctly recorded in sales book, but her account is posted twice. 3. Rs. 500 received from vaidehi is posted to her account by Rs.50. 4. Rs. 2500 received from Ayush is correctly recorded in cash book , butRs.500 has been debited to his account. 5. Opening balance of a debtor, Keval Rs. 5100 is carried forward on credit side. 6. Rs. 2500 paid to a creditor Zeel is debited to her account byRs.500 while posting from cashbook. 7. Opening balance of machine account Rs. 54000 is recorded as Rs.45000. 8. Credit balance of bank loan account Rs. 7500 is omitted to be recorded in trial balance. 9. Balance of rent paid Rs. 860 is recorded as credit balance by Rs.680 in trial balance. 10. Total of sales return book under cast by Rs.500.
Answer» Final accounts were prepared. Following errors were detected after preparation of Final accounts:(i) GOODS of Rs. 9.90 were purchased but Rs. 99 were credited in the supplier's account. (ii) A DISCOUNT of Rs. 7.50 was allowed by a creditor which was recorded in the Creditor's account but it was not posted in Discount account. (iii) A sale of furniture of Rs. 140 was recorded in the Sales Book. (iv) An amount of Rs. 90 receivable from a debtor has been omitted from record in the debtors' list. (v) A customer RETURNED the goods of Rs. 300, it was included in stock, but no record for it was made in the books of account. (VI) An amount of Rs. 35.50 was recorded in the Sales RETURNS Book, but this amount was recorded in the debit side of that customer's account who returned these goods.

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