While trying to close his books for the year ended 31st March, 2014, Mahesh found that the Trial Balance did not agree. He traced the following errors:
Solution:-
Commerce School
Student Community
Archives Answers
Answer
A sum of ₹ 470 received from Ganga was posted to her debit as ₹ 740. Rectify the following errors by passing Journal entries:
Solution:-
Rectify the following errors: The total of one page of Sales Book was carried forward as ₹ 371 instead of ₹ 317.
Solution:-
Give the Journal entries to rectify the following errors: Purchase book was overcasted by ₹ 1,000.
Solution:-
Rectify the following errors: Sale of old furniture worth ₹ 3,000 treated as sales of goods.
Solution:-
Wages paid for the construction of office debited to the Wages Account, ₹ 5,000 Rectify the following errors:
Solution:-
A credit sale of good for ₹ 2,500 to Krishan has been wrongly passed through the Purchases Book
Solution:-
A purchase of goods from David amounting to ₹ 150 has been wrongly passsed through the Sales Book
Solution:-
Rectify the following errors: Sales Book has been totalled ₹ 1,000 short
Solution:-
cheque for ₹ 20,000 was received from Ranjan on which ₹ 200 Discount was allowed. The cheque was not honoured on due date and the amount of discount was credited to Discount Received Account
Solution:-