Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Following errors affecting the accounts for the year 2022-23 were detected in the books of Das & Co., Meerut: 3.55K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Rectify the following errors: Anil’s Account was excess debited by ₹ 500 while Suraj’s Account was short debited by ₹ 500. 3.87K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Goods returned by Mohan of ₹ 2,500 not recorded in books. Give rectifying Journal entries for the following errors: 3.43K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans ₹ 25,000 paid as wages for the construction of office building debited to salaries account. Pass the necessary Journal entries to rectify the following errors: 3.90K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Sales to Gurman of ₹ 143 posted to his account as ₹ 134 Rectify the following errors: 3.25K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Credit sale of ₹ 2,500 to Kishan was posted to Krishan’s Account. Pass the necessary Journal entries to rectify the following errors: 3.97K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Credit sale of ₹ 5,700 to Mohan was recorded as ₹ 7,500 Pass the necessary Journal entries to rectify the following errors 4.11K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans How will you rectify the following errors? Sales Book is overcasted by ₹ 15,000. 2.14K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans How will be the following errors rectified? Sales Book is short casted by ₹ 20,000 3.05K viewsAnurag Pathak Changed status to publish September 28, 2023RectificationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the books of Kaushal Traders as on 1st April, 2022: 4.41K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Bharat Stores purchased on 1st July, 2020 machinery costing ₹ 30,000. It further purchased machinery on 1st January, 2021 costing ₹ 20,000 and on 1st October, 2021 costing ₹ 10,000 4.94K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st October, 2020, Rahul Traders purchased a machine for ₹ 25,000 on which he spent ₹ 5,000 for carriage and freight; ₹ 1,000 for brokerage of the middle-man, ₹ 4,000 for installation 4.00K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Gurman & Co. purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the Diminishing Balance 4.53K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2020, a machinery was purchased for ₹ 20,000. On 1st October, 2021, another machine was purchased for ₹ 10,000 and on 1st April, 2022, one more machine was purchased for ₹ 5,000 4.03K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A company purchased a machine for ₹ 50,000 on 1st October, 2020. Another machine costing ₹ 10,000 was purchased on 1st December, 2021 4.58K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Shyam purchased on 1st April, 2021, a machine for ₹ 6,000. On 1st October, 2021, he purchased another machine for ₹ 5,000 3.96K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans The original cost of furniture amounted to ₹ 4,000 and it is decided to write off 5% on the original cost as Depreciation at the end of each year 2.59K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Import duty, ₹ 7,000 and expenses of installation amounted to ₹ 1,000 2.58K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the books of Priyank Brothers: 3.66K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans Following balances appear in the Book of Paras Bros 3.71K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st July, 2019, OM Ltd. purchases second-hand machinery for ₹ 20,000 and spends ₹ 3,000 on reconditioning and installing it. On 1st January 2020, the firm purchases new machinery worth ₹ 12,000. 4.55K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2010, Plant and Machinery was purchased for ₹ 1,20,000. New Machinery was purchased on 1st October, 2010 for ₹ 50,000 and on 1st July, 2011, for ₹ 25,000 6.55K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A company whose accounting year is a financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000 4.90K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans A Van was purchased on 1st April, 2020 for ₹ 60,000 and ₹ 5,000 was spent on its repair and registration. On 1st October, 2021 another Van was purchased for ₹ 70,000 4.56K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 0 Votes 1 Ans On 1st April, 2019, Star Trading purchased 5 Machines for ₹ 60,000 each. On 1st April, 2021, one of the machine was sold at a loss of ₹ 8,000 4.72K viewsAnurag Pathak Changed status to publish September 27, 2023DepreciationTS Grewal Class 11 « Previous 1 2 … 123 124 125 126 127 … 173 174 Next » Question and answer is powered by anspress.net
