Question 12 Marks
The following errors were located in the books of Anil & Sons before the preparation of the Trial Balance. Rectify them.
(1) Goods sold to Aryan for `2,000 on credit were not entered in the Sales Book.
(2) An amount of ` 600 paid for repairs to the Machinery stands wrongly posted to Machinery Account.
(3) Salaries ` 2,500 paid to Shrikant was wrongly debited to his personal account in the ledger
Rectifying Entry = Reverse Entry + Correct Entry
(1) Goods sold to Aryan for `2,000 on credit were not entered in the Sales Book.
(2) An amount of ` 600 paid for repairs to the Machinery stands wrongly posted to Machinery Account.
(3) Salaries ` 2,500 paid to Shrikant was wrongly debited to his personal account in the ledger
Rectifying Entry = Reverse Entry + Correct Entry