Question
Rectify the following errors by making necessary journal entries in the General Journal. (20) a)A Cash Sales of Rs. 3,750 to Rahat correctly entered in
Rectify the following errors by making necessary journal entries in the General Journal.(20)
a)A Cash Sales of Rs. 3,750 to Rahat correctly entered in the Cash Book but
also posted to the credit of his personal account.
b)Goods returned by Moeen Rs. 300 have been entered in the Returns
Outwards Book. However, Moeen's account has been correctly posted.
c)The purchase Book has been under casted by Rs. 900, Rs. 600 and Rs. 1,500
respectively on consecutive three pages.
d)Purchase of Furniture on credit from Lahore Furniture for Rs. 7500 was
entered in the Purchase Book.
e)The account of a debtor for Rs. 12,000 had been written off as bad, but the
entry had been made only in the personal account.
f)The sales book was under cost by Rs. 50, Rs. 175 and Rs. 75 respectively on
consecutive three pages.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started