Rectify the following errors: Purchases Book is overcast by ₹ 500.
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Total of one page of the Sales Book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587.
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Purchases of ₹ 20,000 was omitted to be recorded. Pass the Journal entries rectifying the following errors:
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Purchases of ₹ 20,000 was omitted to be recorded. Pass the Journal entries rectifying the following errors:
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Sales of ₹ 20,000 to Sunil was recorded as ₹ 2,000 in the Sales Book Give the rectifying entries of the following
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Old furniture sold for ₹ 500 has been credited to Sales Account. Rectify the following errors by passing Journal entries:
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Following errors are discovered in the books of Ram Lal. Make the necessary entries to rectify them: Purchases Journal was undercasted by ₹ 6,150.
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Pass Journal entries to rectify the following errors which were located after preparing the Trial Balance: The Sales Book was overcast by ₹ 500.
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The Returns Inward Book has been overcasted by ₹ 200. Rectify the following errors assuming that there is no Suspense Account:
Solution:- i) In the credit side of Return Inward A/c: “By overcasting of ₹ 200” to rectify the error. ii) In the debit side of Purchase A/c: “To undercasting of ₹ 75” to rectify the error. iii) In the debit…
Which of the following errors will affect the Trial Balance? The total of the Sales Book has not been posted to the Sales Account.
Solution:- i) It affects the trial Balance as it is one side error that will decrease the Cr. side of the trial balance. ii) It will not affect the trial balance as it is an error of Principles. iii) l…