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CORRECTION OF ERRORS Pass journal Entries with full narration to rectify of the following errors before closing the accounts. 1. Purchase of an office table
CORRECTION OF ERRORS Pass journal Entries with full narration to rectify of the following errors before closing the accounts. 1. Purchase of an office table amounting to Rs. 1,600 has been entered as office equipment. 2. Sales retums of Rs. 550 from a customer has been debited to Sales discount amount. 3. Withdrawal by the proprietor of Rs. 500 has been debited to general Expense account. 4. Payment to technicians for installation of computer Rs. 1,500 has been debited to Repairs Expense account. 5. Receipt of Rs. 600 from Rana and Company, a customer, has been recorded in the account of Rani and company. 6. Old office fumiture sold for Rs. 750 has been recorded as Rs. 720 in fumiture account wrongly. 7. Machinery repairs payment Rs. 200 has been debited to Machinery account. 8. Construction as addition of office building for Rs. 50,000 was wrongly debited to building repairs account. 9. Purchase of stationery for Rs. 1,200 has been recorded as purchase. 10. Wages paid stationery for making office furniture has been recorded as wages expense account Rs. 1000. 11. Cash Received Rs. 5,000 Mr. Aaliyan was recorded \& posted Mr.Aaliyan. 12. Cash paid Rs. 10,000 for Mr. Rohan was recorded \& posted to Mr. Rayan
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