Rs. 10,000 received from Apoorva is credited in the account of Prachi. It is an error of

Pass Journal entries rectifying the following errors: (i) A cheque for Rs. 10,000 was received from Ranjan on which Rs. 200 Cash Discount was allowed. The cheque was not honoured on due date and the amount of discount was credited to Discount Received Account. (ii) Rs. 2,000 paid as wages for machinery installation was debited to Wages Account. (iii) Rs. 5,000 received from Rakesh were credited to his Personal Account. The amount had been written off as had debts earlier. (iv) Repair bill of machinery was recorded as Rs. 100 against the bill amount of Rs, 1,000.

Trial balance of Anant Ram did not agree. It showed an excess credit of 16,000. He put the difference to suspense account. Subsequently the following errors were located: (i) Cash received from Mohit 4,000 was posted to Mahesh as 1,000. (ii) Cheque for 5,800 received from Arnav in full settlement of his account of 6,000, was dishonoured. No entry was passed in the books on dishonour of the cheque. (iii) 800 received from Khanna, whose account had previously been written off as bad, was credited to his account. (iv) Credit sales to Manav for 5,000 was recorded through the purchases book as 2,000. (v) Purchases book undercast by 1,000. (vi) Repairs on machinery 1,600 wrongly debited to Machinery account as 1,000. (vii) Goods returned by Nathu 3,000 were taken into stock. No entry was recorded in the books

Following errors are discovered in the books of Sh. Ram Lal. Make the necessary entries to rectify them: (i) Purchases Journal was undercasted by Rs. 2,150. (ii) Rs. 500 received from K. Krishna was debited to his account. (iii) An amount of Rs. 3,000 withdrawn by the proprietor of the firm for his personal use was posted to the Travelling Expenses Account. (iv) An amount of Rs. 175 for a credit sale to R. Gopalan correctly entered in the Sales Book, has been debited to his account as Rs. 157.

A machine is purchased for Rs. 10,000 which was wrongly recorded in purchase account. Due to this error …….

Pass the rectifying entries for the following transactions: (i) An amount of Rs. 2,000 received from Mohan on 1st April, 2019 had been entered in the Cash Book as having been received on 31st March, 2019. (ii) The balance in the account of Rahim Rs. 1,000 had been written off as bad but no other account has been debited. (iii) An addition in the Return Inward Book had been cast Rs. 100 short. (iv) A cheque for Rs. 200 drawn for the Petty Cash Account has been posted in the account of Asif. (v) A discounted Bill of Exchange for Rs. 20,000 returned by the firm's bank had been credited to the Bank Account and debited to Bills Receivable Account. A cheque was received later from the customer for Rs. 20,000 and duly paid. [Hint: (v) Dr. Customer's A/c and Cr. Bills Receivable A/c by Rs. 20,000.]

Pass necessary Journal entries to rectify the following errors: (i) A credit sale of Rs. 1,700 to Krishan was posted to Krishan's Account. A cash sale of Rs. 1,700 to Meena was posted to the credit of Meena. (iii) A credit sale of old furniture to Prem for Rs. 1,700 was credited to the Sale Account. (iv) A credit sale of old furniture to Rohan for Rs. 1,700 was posted as Rs. 7,100. (v) A cheque for Rs. 640 received from Guru was dishonoured and was posted to the debit of Sales Return Account. (vi) An amount of Rs. 2,860 due from Prassed, written off as bad in previous year, was recovered and credited to his personal account. (vii) A discounted bill of exchange receivable for Rs. 8,000 returned by the firm's bank had been credited to the Bank Account and debited to Bills Receivable Account. (viii) Rs. 10,000 paid for the electricity bill of the proprietor's residence was debited to Electricity Expenses Account. (ix) An amount of RS. 7,500 withdrawn from bank by the proprietor for his personal use was debited to Purchases Account. (x) An amount of Rs. 15,000 withdrawn from bank by the proprietor for office use was debited to Drawings Account. (xi) Rs. 8,000 salary paid to Varun, an employes, debited to his personal account.