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Rectify the errors by making necessary journal entries

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Reference no: EM132600791

Question 1: Rectify the following errors by making necessary journal entries in the General Journal.

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.

Reference no: EM132600791

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