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Trial Balance and Rectification of Errors — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTrial Balance and Rectification of Errors4 Marks
Question
Rectify the following errors:
  1. Credit sales to Mridula ₹ 5,000 were recorded as ₹ 500.
  2. Credit purchases from Nayna ₹ 8,000 were recorded as ₹ 800.
  3. Goods returned to Priya ₹ 12,000 were recorded as ₹ 1,200.
  4. Goods returned from Rashi ₹ 10,000 were recorded as ₹ 1,000.
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Asset = Cash ₹ 2,39,000 + Furniture ₹ 35,000 + Goods ₹ 20,000 = ₹ 2,94,000; Liabilities = Creditors ₹ 40,000 + Capital ₹ 2,54,000 = ₹ 2,94,000
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