[CBSE] Q 20 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Are you looking for the solution to Question number 20 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

Rectify the following errors by passing Journal entries:

(i) Old furniture sold for ₹ 500 has been credited to Sales Account.

(ii) Machinery purchases on credit from Raman for ₹ 2,000 recorded through Purchases Book as ₹ 16,000.

(iii) Cash received from Rajat ₹ 5,000 was posted to the debit of Bhagat as ₹ 6,000.

(iv) Depreciation Provided on machinery ₹ 3,000 was posted to Machinery Account as ₹ 3,00.

Solution:-