Following errors are discovered in the books of Ram Lal. Make the necessary entries to rectify them: Purchases Journal was undercasted by ₹ 6,150.
Following errors are discovered in the books of Ram Lal. Make the necessary entries to rectify them:
(i) Purchases Journal was undercasted by ₹ 6,150.
(ii) ₹ 500 received from Krishna was debited to his account.
(iii) An amount of ₹ 3,000 withdrawn by the proprietor of the firm for his personal use was posted to the Travelling Expenses Account.
(iv) An amount of ₹ 175 for a credit sale to R. Gopalan correctly entered in the Sales Book. has been debited to his account as ₹ 157.
Anurag Pathak Changed status to publish October 1, 2023