[CBSE] Q 33 solution Rectification of Errors TS Grewal Class 11 (2022-23)

Are you looking for the solution to Question number 33 of the Rectification of Errors of TS Grewal Book class 11, 2022-23 CBSE Board?

Give the Journal entries to rectify the following errors:

(i) Purchases Book was overcast by ₹ 1,000.

(ii) Installation charges on new machinery purchases ₹ 500 were debited to Sundry Expenses Account as ₹ 50.

(iii) Radhey Shyam returned goods worth ₹ 500 which was entered in the Purchases Return Book.

(iv) Goods taken by the proprietor for ₹ 5,000 have not been entered in the books at all.

Solution:-