Liabilities Capital 70,000 Add: Net Profit 30,000 Assets Plant & Machinery 54,000 Furniture 15,000 1,00,000 Stock...

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Liabilities Capital 70,000 Add: Net Profit 30,000 Assets Plant & Machinery 54,000 Furniture 15,000 1,00,000 Stock Less: Drawings 12,000 13,000 88,000 Sundry Debtors 16,000 Sundry Creditors 21,000 Less: Provision 800 15,200 Bills Payable 8,000 Cash & Bank 13,800 Suspense A/c 6,000 1,17,000 1,17,000 You detect the following errors subsequently: (a) Cash paid to a creditor 1,800 was posted to the debit of Debtors A/c, although the entry in the Cash Book was correctly made. (b) A Furniture purchased on 1.7.2000 for 4,000 on credit was wrongly passed through the Inward In- voice Book. (c) Goods sold for 5,320 was passed through the Sales Day Book as 3,520. (d) No entry has been made to record the dishonour of a cheque 1,500 received from a customer. (e) Cash paid to Mahima 6,540 but debited to Nagma as 4,560 (both of whom are suppliers) (f) The balance of Plant & Machinery as on 1.4.2000 was 64,020 but it was brought forward as 60,000. While preparing his Final Accounts, Mr. Jordan provided depreciation on Fixed Assets @ 10% p.a. and a rovision on debtors @ 5%. Give the Journal entries to rectify the above errors and prepare the revised Balance Sheet. Liabilities Capital 70,000 Add: Net Profit 30,000 Assets Plant & Machinery 54,000 Furniture 15,000 1,00,000 Stock Less: Drawings 12,000 13,000 88,000 Sundry Debtors 16,000 Sundry Creditors 21,000 Less: Provision 800 15,200 Bills Payable 8,000 Cash & Bank 13,800 Suspense A/c 6,000 1,17,000 1,17,000 You detect the following errors subsequently: (a) Cash paid to a creditor 1,800 was posted to the debit of Debtors A/c, although the entry in the Cash Book was correctly made. (b) A Furniture purchased on 1.7.2000 for 4,000 on credit was wrongly passed through the Inward In- voice Book. (c) Goods sold for 5,320 was passed through the Sales Day Book as 3,520. (d) No entry has been made to record the dishonour of a cheque 1,500 received from a customer. (e) Cash paid to Mahima 6,540 but debited to Nagma as 4,560 (both of whom are suppliers) (f) The balance of Plant & Machinery as on 1.4.2000 was 64,020 but it was brought forward as 60,000. While preparing his Final Accounts, Mr. Jordan provided depreciation on Fixed Assets @ 10% p.a. and a rovision on debtors @ 5%. Give the Journal entries to rectify the above errors and prepare the revised Balance Sheet.