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Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.?
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Pass the rectified journal entries in the books of the firm for the fo...
Rectified Journal Entries in the Books of the Firm
b) Cash received from Deepak 2,000 was posted to his account as * 200
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Cash A/c | | 2,000 |
| Deepak A/c | | 1,800 |
| Suspense A/c | | 200 |
a) Purchases Return was found in excess by $1,000
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Purchases Return A/c | | 1,000 |
| Suspense A/c | | 1,000 |
c) Total of one page of Sales Book was carried forward to the next page as 4,500 instead of 5,400, and the total of one page of Purchase Book was carried forward to the next page as 3,400 instead of 4,300.
Sales Book Correction
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Suspense A/c | | 900 |
| Sales A/c | | 900 |
Purchase Book Correction
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Purchase A/c | | 900 |
| Suspense A/c | | 900 |
d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Wages A/c | | 1,000 |
| Furniture A/c | | 1,000 |
Explanation
b) Cash received from Deepak 2,000 was posted to his account as * 200
In this scenario, the cash received from Deepak was posted to his account as * 200, which means that the amount was not correctly posted. To rectify this error, we need to create a suspense account and debit it for 200 and credit Deepak's account for 1,800, which is the correct amount.
a) Purchases Return was found in excess by $1,000
In this scenario, the purchases return was found in excess by $1,000, which means that the amount was not correctly recorded. To rectify this error, we need to create a suspense account and debit it for 1,000 and credit the purchases return account for 1,000, which is the correct amount.
c) Total of one page of Sales Book was carried forward to the next page as 4,500 instead of 5,400, and the total of one page of Purchase Book was carried forward to the next page as 3,400 instead of 4,300.
In this scenario, the total of one page of the Sales Book and Purchase Book was incorrectly carried forward to the next page. To rectify this error, we need to create a suspense account and debit it for 900 and credit the Sales Account for 900 and debit the Purchase Account for 900 and credit the suspense account for 900, respectively.
d) An amount of 1,000 was paid for wages for making office furniture
b) Cash received from Deepak 2,000 was posted to his account as * 200
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Cash A/c | | 2,000 |
| Deepak A/c | | 1,800 |
| Suspense A/c | | 200 |
a) Purchases Return was found in excess by $1,000
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Purchases Return A/c | | 1,000 |
| Suspense A/c | | 1,000 |
c) Total of one page of Sales Book was carried forward to the next page as 4,500 instead of 5,400, and the total of one page of Purchase Book was carried forward to the next page as 3,400 instead of 4,300.
Sales Book Correction
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Suspense A/c | | 900 |
| Sales A/c | | 900 |
Purchase Book Correction
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Purchase A/c | | 900 |
| Suspense A/c | | 900 |
d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.
Date | Particulars | L.F. | Debit | Credit
--- | --- | --- | --- | ---
| Wages A/c | | 1,000 |
| Furniture A/c | | 1,000 |
Explanation
b) Cash received from Deepak 2,000 was posted to his account as * 200
In this scenario, the cash received from Deepak was posted to his account as * 200, which means that the amount was not correctly posted. To rectify this error, we need to create a suspense account and debit it for 200 and credit Deepak's account for 1,800, which is the correct amount.
a) Purchases Return was found in excess by $1,000
In this scenario, the purchases return was found in excess by $1,000, which means that the amount was not correctly recorded. To rectify this error, we need to create a suspense account and debit it for 1,000 and credit the purchases return account for 1,000, which is the correct amount.
c) Total of one page of Sales Book was carried forward to the next page as 4,500 instead of 5,400, and the total of one page of Purchase Book was carried forward to the next page as 3,400 instead of 4,300.
In this scenario, the total of one page of the Sales Book and Purchase Book was incorrectly carried forward to the next page. To rectify this error, we need to create a suspense account and debit it for 900 and credit the Sales Account for 900 and debit the Purchase Account for 900 and credit the suspense account for 900, respectively.
d) An amount of 1,000 was paid for wages for making office furniture
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Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.?
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Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.?.
Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.?.
Solutions for Pass the rectified journal entries in the books of the firm for the following: b) Cash received from Deepak 2,000 was posted to his account as * 200 a) Purchases Return was found in excess by $1,000 c) Total of one page of Sales Book was carried forward to next page as 4,500 instead of 5,400 and total of one page of Purchase Book was carried forward to next page as 3,400 instead of 4,300. d) An amount of 1,000 was paid for wages for making office furniture had been charged to wages account.? in English & in Hindi are available as part of our courses for Class 11.
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