Pass necessary journal entries to rectify the following errors

Asked by admin @ in Accountancy viewed by 651 People

Pass necessary journal entries to rectify the following errors

@) Sale ofan old machine for Rs. 4,500 was posted to Sales account.(i) Rent ofproprietors residence of Rs. 12,000 was posted to Rent Account.(ii) A credit to Brij Mohan of Rs. 6,750 was posted to his account as Rs. 4,750(iv) Furniture purchased from M/s Decorates for Rs. 22,500 was entered in PurchasesBook

Answered by admin @


@) sales a/c dr. 4500
To old machine a/c. 4500


(i) Drawings a/c. dr. 12000
To rent a/c. 12000

(ii) suspense. a/c dr. 2000
To Brij Mohan 2000

(iv) furniture a/c dr. 22,500
To purchase a/c 22,500




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