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The following errors are located in the books of Mr. Ahmed at end March, 2017. The correct entry is provided to you. Discuss the following

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The following errors are located in the books of Mr. Ahmed at end March, 2017. The correct entry is provided to you. Discuss the following for each of the below errors: a) The type of error committed; and b) Rectification Process (in words) and c) Rectify the error (entry) i. Purchase of furniture for RO. 2,000 on credit from XYZ Company is debited to the purchases account. Dr. Cr. Accounts Furniture A/P XYZ Company 2,000 2,000 ii. RO. 12,000 paid salary to cashier Mr. Naeem, stands debited to his personal account. Accounts Dr. Cr. Salary 12,000 Cash 12,000 An amount of RO. 5,000 withdrawn by the proprietor for his personal use has been debited to trade expenses a/c. Dr. Cr. Accounts Drawings Cash 5,000 5,000 iv. Cash received from Mr. Bilal RO. 300 was credited to Mr. Baber. Accounts Dr. Cr. Cash 300 Baber 300 v. Repairs made were debited to building account RO. 100. Accounts Dr. Cr. Repairs 100 Cash 100

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