7. Pass the necessary Journal entries to rectify the following errors: (i) ₹25,000 paid as wages for the construction of office building debited to Salaries Account. (ii) ₹20,000 spent on the purchases of material for the construction of building debited to Purchases Account. (iii) ₹40,000 spent on the extension of building was debited to Building … Read more
6. Rectify the following errors: (i) Sales to Gurman of ₹143 posted to his account as ₹134 (ii) Sales to Gurman of ₹143 debited to his account as ₹134. T.S.Grewal/2024 Edition/Practical Problems/Q-06 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan … Read more
5. Pass the necessary Journal entries to rectify the following errors: (i) Credit sale of ₹2,500 to Kishan was posted to Krishan’s Account. (ii) Cash sale of ₹5,000 to Meenu was posted to the credit of Meena. (iii) Amount of ₹3,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases … Read more
4. Pass the necessary Journal entries to rectify the following errors: (i) Credit sale of ₹5,700 to Mohan was recorded as ₹7,500. (ii) Credit sale of ₹8,500 to Sohan was recorded as sale to Mohan. (iii) Credit sale of ₹8,500 to Meenu was recorded as sale to Meena as ₹5,800. (iv) Credit sale of ₹8,500 … Read more
3. How will you rectify the following errors? (i) Sales Book is overcasted by ₹15,000. (ii) Sales Return Book is short casted by ₹3,500. (iii) Balance of Sales Book is carried forward in excess by ₹2,000. T.S.Grewal/2024 Edition/Practical Problems/Q-03 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook … Read more
2. How will be the following errors rectified? (i) Sales Book is short casted by ₹20,000. (ii) Sales Return Book is short casted by ₹2,000. (iii) Balance of Sales Book is carried forward short by ₹2,000. (iv) Balance of Sales Return Book is carried forward short by ₹500. T.S.Grewal/2024 Edition/Practical Problems/Q-02 For full question, please … Read more
1. How will be the following errors rectified? (i) Purchases Book is overcasted by ₹10,000. (ii) Purchases Return Book is overcasted by ₹10,000. (iii) Purchases Return Book’s balance is carried forward in excess by ₹2,000. (iv) Purchases Book’s balance is carried forward in excess by ₹5,000. Note: The above errors have been identified before the … Read more