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Mlustration 1 Rectify the following errors: Credit purchases from Raghu 20,000 (i) were not recorded. (ii) were recorded as 10,000. (iii) were recorded as 25,000. posted to his account.

Mlustration 1 Rectify the following errors: Credit purchases from Raghu 20,000 (i) were not recorded. (ii) were recorded as 10,000. (iii) were recorded as 25,000. posted to his account.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What are the wrong entry right entry and rectified entry of all
The La Suumitvs The correct effect should have beer 1.50 Defuication fa Ta furriture fe The rectification entry: 150 eprication afc To Sumpimse afe Mlustration 1 Rectify the following errors: Credit purchases from Raghu 20,000 (1) were not recorded. (ii) were recorded as 10,000. (iii) were recorded as 25,000. (iv) were not posted to his account. (v) were posted to his account as 2,000. (vi) were posted to Reghav's account. (vii) were posted to the debit of Raghu's account (viii) were posted to the debit of Raghav. (ix) were recorded through sales book.
Transcribed Image Text:The La Suumitvs The correct effect should have beer 1.50 Defuication fa Ta furriture fe The rectification entry: 150 eprication afc To Sumpimse afe Mlustration 1 Rectify the following errors: Credit purchases from Raghu 20,000 (1) were not recorded. (ii) were recorded as 10,000. (iii) were recorded as 25,000. (iv) were not posted to his account. (v) were posted to his account as 2,000. (vi) were posted to Reghav's account. (vii) were posted to the debit of Raghu's account (viii) were posted to the debit of Raghav. (ix) were recorded through sales book.
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