Following errors were identified in the books of Prassed. Pass necessary entries to rectify
Channel: Doubtnut
Date: 2020-03-29

Following errors were identified in the books of Prassed. Pass necessary entries to rectify them: Rs. 5,000 paid for funiture purchased has been charged to the ordinary Purchases Account. (ii) Repairs made were debited to the Building Account for Rs. 500. (iii) An amount of Rs. 1,000 withdrawn by the proprietor for his personal use has been debited to the Trade Expenses Account. (iv) Rs. 1,000 paid for rent debited to the Landlord\'s Account. (v) Salary of Rs. 1,250 paid to a clerk, has been debited to his Personal Account. (vi) Rs. 1,000 received from Shah & Co. has been wrongly entered as from Shaw & Co. (vii) Rs. 7,000 paid in cash for a printer was charged to the Office Expenses Account.