How will be the following errors rectified? (1) Purchases Book is overcasted by $10,000. (ii) Purchases Return Book is overcasted by $ 1,000. (ii) Purchases Return Book's balance is carried forward in excess by $100. (iv) Purchases Book's balance is carried forward in excess by $1,000.
How will be the following errors rectified? (1) Purchases Book is overcasted by $10,000. (ii) Purchases Return Book is overcasted by $ 1,000. (ii) Purchases Return Book's balance is carried forward in excess by $100. (iv) Purchases Book's balance is carried forward in excess by $1,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![How will be the following errors rectified?
(1) Purchases Book is overcasted by $10,000.
(ii) Purchases Return Book is overcasted by $ 1,000.
(iii) Purchases Return Book's balance is carried forward in excess by $100.
(iv) Purchases Book's balance is carried forward in excess by $1,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe4ff007a-c6a8-4c7f-b2c3-1ab26f24e949%2Fd36835f2-4eba-4a69-9ba6-93623ff0742d%2F38uja3c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How will be the following errors rectified?
(1) Purchases Book is overcasted by $10,000.
(ii) Purchases Return Book is overcasted by $ 1,000.
(iii) Purchases Return Book's balance is carried forward in excess by $100.
(iv) Purchases Book's balance is carried forward in excess by $1,000.
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