Rectify the following errors which were detected before preparing the Trial Balance: Purchase book has been overcast by ₹ 1,000.

Solution:- (i) The rectification will be made by writing the following words on the credit side of Purchase Account. “By Overcasting of Purchase Book ———- ₹ 1,000” (ii) The rectification will be made by writing the following words on the credit side of Ram’s Account: “By Omission in posting ———– ₹ 20,000” (iii) The rectification will be made by writing the following words on the credit side of Shyam’s Account: “By Error in posting to the wrong side ——- ₹ 30,000” (iv) The rectification will be made by writing the following words on the credit side of Ghanshyam’s Account: “By lesser amount on the credit side——– ₹ 9,000” (v) The rectification will be made by writing the following words on the debit side of Sita Ram’s Account: “To excess amount on the credit side———- ₹ 45,000”