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

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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:-

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