Question Text
Question 1 :
<p>If one of the cars purchased by a car dealer is used for business purpose and has been debited to goods for resale a/c, then the rectification entry will be:</p>
Question 2 :
<p>If purchase of goods amounting ₹500 has been wrongly posted to credit side of purchase account. The difference in the trial balance would be:</p>
Question 3 :
<p>A new machine was purchased for Rs.1,00,000 but the amount was wrongly posted to Furniture account as Rs.10,000 and cash received from debtors Rs.11,200 was omitted to be posted to ledger. The difference in Trial balance due to such error will-</p>
Question 4 :
<p>Wages ₹500 paid for installation of a new machine was wrongly posted to wages account instead of machinery account It is an error of:</p>