Rectification of Errors: Que 26 Solution | Rectification of Errors Ts Grewal solution | Accounts
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Rectification of Errors: Que 26 Solution | Rectification of Errors Ts Grewal solution
Question 26: Pass Journal entries rectifying the following errors:
(i) A cheque for ₹ 10,000 was received from Ranjan on which ₹ 200 Cash Discount was allowed. The cheque was not honored on due date and the amount of discount was credited to Discount Received Account.
(ii) ₹ 2,000 paid as wages for machinery installation was debited to Wages Account.
(iii) ₹ 5,000 received from Rakesh were credited to his Personal Account. The amount had been written off as bad debts earlier.
(iv) Repair bill of machinery was recorded as ₹ 100 against the bill amount of ₹ 1,000.
✓Subject: Accounts
✓Class:11th
✓Book: Ts Grewal double Entry Book Keeping
✓Chapter: Rectification of Errors
✓Chapter Number: 16
✓Main Topic: Solution question 26 rectification of errors ts grewal | Two sided errors
✓ Teacher: Zafar Sir
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