Question

Rectify the following errors discounted after the preparation of the trial balance: 

1. Rent paid was carried forward to the next page Rs. 500 short.

2. Wages paid was carried forward Rs. 250 excess. 

3. The sales book was overcast by ₹1,500.

Answer 1

1. Rent account should be debited with Rs. 500. 

2. Wages account should be credited with Rs. 250. 

3. Sales account should be debited with Rs. 1,500.