From the books of a trader for the year 1997 you find the following errors. Pass...

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From the books of a trader for the year 1997 you find the following errors. Pass rectification entries and prepare a statement showing their effect on profit: (a) An amount of $. 200 being rent paid in advance in the previous year, had not been brought forward on the rent Account. (b) Goods $. 125, returned to David Bros. were recorded in the returns inwards book as $. 152 and from there it was posted to the credit of David Bros. Account. (c) Paid his acceptance to henry for $. 7,600 was posted to the debit of Joseph as $. 6,700 (d) Goods purchased from Miller $. 3,250 entered in the Sales Day Book as $. 3,520. From the books of a trader for the year 1997 you find the following errors. Pass rectification entries and prepare a statement showing their effect on profit: (a) An amount of $. 200 being rent paid in advance in the previous year, had not been brought forward on the rent Account. (b) Goods $. 125, returned to David Bros. were recorded in the returns inwards book as $. 152 and from there it was posted to the credit of David Bros. Account. (c) Paid his acceptance to henry for $. 7,600 was posted to the debit of Joseph as $. 6,700 (d) Goods purchased from Miller $. 3,250 entered in the Sales Day Book as $. 3,520.