Customer Service Chat
Get quote & make Payment
The book of Deven Verma could not be tallied. The accountant, Accounting Basics
The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs.
1,270 in the suspense account on the debit side. The following mistakes were found later on.
Rectify these errors by passing Journal entries and prepare Suspense Account.
(a) The purchase of Rs. 400 from Saran was entered into sales book but Saran’s personal
account was rightly credited.
(b) Sales of Rs. 430 to Ramdas were credited in his account Rs. 340.
(c) Sales of old furniture of Rs. 540 was credited to sales account as Rs. 450.
(d) Goods worth Rs. 100 were taken by the proprietor which was not recorded.
(e) Sales of Rs. 296 to Kishan were entered in sales book as Rs. 269.
(f) Balance of Sales Return Book Rs. 210 was not included in the accounts.
Posted Date: 3/16/2013 8:05:51 AM | Location :
Ask an Expert
The book of Deven Verma could not be tallied. The accountant, Assignment Help, Ask Question on The book of Deven Verma could not be tallied. The accountant, Get Answer, Expert's Help, The book of Deven Verma could not be tallied. The accountant Discussions
Write discussion on The book of Deven Verma could not be tallied. The accountant
Your posts are moderated
Write your message here..
DOUBLE ENTRY, HOW TO DO DOUBLE ENTRY QUESTIONS
HOW TO DO DOUBLE ENTRY QUESTIONS
Accounting standards 14, explain accounting standard 14
explain accounting standard 14
Determine the income statement columns of worksheet, Determine the Income S...
Determine the Income Statement columns of Worksheet Income Statement columns of the worksheet would comprise the amounts from Adjusted Trial Balance columns which are expenses
Management, Management: Organizations may not or may exist for the sole re...
Management: Organizations may not or may exist for the sole reason of profit. Though, information requires of the managers of both types of organizations are approximately the sam
Cash flow liquidity ratios, Liquidity refers to a company's cash position, ...
Liquidity refers to a company's cash position, availability of resources to meet short-term cash requirements, and overall ability to obtain cash in the normal course of business.
The qualitative characteristics of relevance and reliability, Maryanne was ...
Maryanne was looking to purchase a local business that sold coal jewelry to tourists along the interstate. The present business owner instructed his accountant, Jane Sane, CPA, to
The dwyer corporation incurred costs of 114000, the Dwyer corporation incur...
the Dwyer corporation incurred costs of 114000 in purchasing a process which it eventually had patented. The patent was issued on July 20x1. To secure the patent, an additional 6
Determine the concept of closing entries, Determine the concept of Closing ...
Determine the concept of Closing entries-(REID) 1) Close Sales account and other income statement accounts with credit balances to Income Summary. 2) Close each expense ac
An estimated liability, An estimated liability: 1. Is an unknown liabil...
An estimated liability: 1. Is an unknown liability of a certain amount. 2. Is a known obligation of an uncertain amount that can be reasonably estimated. 3. Is a liabil
Explain about purchase discounts, Q. Explain about Purchase discounts? ...
Q. Explain about Purchase discounts? Purchase discounts frequently companies purchase merchandise under credit terms that permit them to deduct a stated cash discount if they p
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.