[CBSE] Q 26 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Share your love

Are you looking for the solution to Question number 26 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

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 honoured 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.

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 5718

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh