How will you rectify the following errors: ₹ 500 spent on building repairs has been debited to the Building Account
How will you rectify the following errors:
(i) ₹ 500 spent on building repairs has been debited to the Building Account.
(ii) Furniture of ₹ 5,000 purchased from Dheeraj on credit omitted from being recorded in teh books.
(iii) Total of Return Inwards Book was added as ₹ 200 instead of ₹ 250.
(iv) Goods of ₹ 4,500 returned by Mohan was taken into stock but the return was not recorded in books.
(v) A sale of old machinery amounting to ₹ 600 has been credited to the Sales Account.
(vi) ₹ 6,000 due from Sanjay was omitted to be posted in Sanjay’s Account.
Anurag Pathak Changed status to publish October 26, 2023