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Give clear and thorough illustrations vii) Outstanding interest on loan Rs. 500 omitted to be recorded. Vili) Rs. 600 paid for the purchase of office

Give clear and thorough illustrations

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vii) Outstanding interest on loan Rs. 500 omitted to be recorded. Vili) Rs. 600 paid for the purchase of office stationery was wrongly debited to the Purchases Account. ix) Sales of Rs. 6,000 to Mushtaq omitted to be posted to his account. X) Rs. 200 paid for repairs were written as Rs. 20 in the Repairs Account. xi) Discount Received, Rs. 50, omitted to be posted to the Discount Received Account. Show the effect of these errors on the Final Accounts

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