Purchases returns book is overcast by ` . (c) Sales returns book is undercast by ` . (d) Sales returns book is overcast by ` . Solution (a) Purchases returns account should be credited with ` (b) Purchases returns account should be debited with ` (c) Sales returns account should be debited with ` (d) Sales returns account should be credited with ` Illustration (Errors in carry forward) The following errors were detected before preparation of trial balance.
Rectify them. (a) The total of purchases book is carried forward to the next page ` short. (b) The total of purchases returns book is carried forward to the next page ` excess. (c) The total of sales book is carried forward to the next page ` excess.
(d) The total of sales returns book is carried forward to the next page ` short. Solution (a) Purchases account should be debited with ` . (b) Purchases returns account should be debited with ` . (c) Sales account should be debited with ` .
(d) Sales returns account should be debited with ` . Illustration (Errors in carry forward) The following errors were detected before preparation of trial balance. Rectify them. (a) The total of rent received account is carried forward ` short.
(b) The total of rent received account is carried forward ` , excess. (c) The total of salary account is carried forward ` , short. (d) The total of salary account is carried forward ` , excess. Solution (a) Rent received account is to be credited with ` (b) Rent received account is to be debited with ` , (c) Salary account is to be debited with ` , (d) Salary account is to be credited with ` , Illustration (Errors in posting) The following errors were detected before preparation of the trial balance.
Rectify them. (a) A sum of ` , written off as depreciation on buildings has not been posted to depreciation account. (b) Payment of wages ` , to Venkat was posted twice to