37. Pass the rectification entries for the following transactions: (i) Repairs to plant amounting to ₹2,000 had been charged to Plant and Machinery Account. (ii) An entry of ₹1,450 representing the selling price of goods returned to Mohan had been made in Return Outwards Book and posted. The amount should have been ₹1,300, the invoice … Read more
36. Pass the rectification entries for the following transactions: (i) An amount of ₹2,000 received from Mohan on lst April, 2024 had been entered in the Cash Book as having been received on 31st March, 2024. (ii) The balance in the account of Rahim ₹1,000 had been written off as bad but no other account … Read more
35. While trying to close his books for the year ended 31st March, 2024, Mahesh found that the Trial Balance did not agree. He traced the following errors: (i) In the Sales Book for the month of January total of Page No. 2 was carried forward to Page No. 3 as ₹1,000 instead of ₹1,200 … Read more
34. Rectify the following errors by passing Journal entries: (i) A sum of ₹470 received from Ganga was posted to her debit as ₹740. (ii) A debit balance of ₹550 in the personal account of Mr. John was undercast. (iii) Cheque from Brown for ₹3,000 posted to the credit of Expenses Payable Account and credited … Read more
33. Rectify the following errors: (i) The total of one page of Sales Book was carried forward as ₹37l instead of ₹317 (ii) ₹540 received from Yatin was posted to the debit of his Account. (iii) Purchases Returns Book was overcast by ₹300. (iv) An item of ₹1,062 entered in Sales Return Book had been … Read more
32. Give the Journal entries to rectify the following errors: (i) Purchases Book was overcast by ₹1,000. (ii) Installation charges on new machinery purchased ₹500 were debited to Sundry Expenses Account as ₹50. (iii) Radhey Shyam returned goods worth ₹500 which was entered in the Purchases Return Book. (iv) Goods taken by the proprietor for … Read more
31. Rectify the following errors: (i) Sale of old furniture worth ₹3,000 treated as sales of goods. (ii) Sales Book added ₹5,000 short. (iii) Rent of proprietor’s residence, ₹6,500 debited to Rent Account. (iv) Goods worth ₹11,970 returned by Manav posted to his debit as ₹11,790. (Delhi) T.S.Grewal/2024 Edition/Practical Problems/Q-31 For full question, please … Read more
30. Rectify the following errors: (i) Wages paid for the construction of office debited to the Wages Account, ₹5,000. (ii) Machinery purchased for ₹35,000 was passed through the Purchases Book. (iii) Old furniture sold for ₹1,000, passed through the Sales Book. (iv) ₹2,000 paid to Mehta Bros. were debited to Malhotra Bros. Account. (v) Sales … Read more
29. (i) What are the different causes that make a Trial Balance incorrect? (ii) Pass the rectifying Journal entries: (a) A credit sale of goods for ₹2,500 to Krishna has been wrongly passed through the Purchases Book. (b) ₹5,000 paid for freight on machinery purchased was debited to the Freight Account as ₹500. (c) The … Read more
28. Pass Journal entries to rectify the errors in the following cases: (i) A purchase of goods from David amounting to ₹150 has been wrongly passed through the Sales Book. (ii) A credit sale of goods oft ₹120 to Peter has been wrongly passed through the Purchases Book. (iii) ₹200, salary paid to Cashier, Bimal, … Read more