The rectification entries, Financial Accounting

Show the rectification entries for the following:                                        (10 marks)

a.    The Sales account is undercast by Rs.15,000

b.    Goods returned by the customer Mr.X of Rs.5650 has been  posted in the Return Inward Account as Rs.5560 and in Mr.X a/c as Rs.6,550.

c.    Salary paid Rs.6,000 has been posted to Rent account

d.    Cash received from Ram posted to Shyam account Rs.7,000

e.    Cash received from Jadu Rs.8,640 has been posted to the debit of Madhu's a/c

Posted Date: 3/14/2013 9:06:34 AM | Location : United States







Related Discussions:- The rectification entries, Assignment Help, Ask Question on The rectification entries, Get Answer, Expert's Help, The rectification entries Discussions

Write discussion on The rectification entries
Your posts are moderated
Related Questions
The price stages are that at which sellers recruit securities to borrowers.

1.  What cost flow assumption does the company use to value inventories? 2.  What was the amount of expense that the company reported for inventory write-downs during 2011? 3

Question: The accountant of a company is preparing the cash budget for the first six months of 2011 and obtains the following information: Sales on credit, variable costs an

Assertion -Implicit or explicit representations by an entity's management which are embodied infinancial statement components and for which AUDITOR obtains and evaluates evidential

A. Material Sampling -Analyzing Direct Material Costs You are reviewing a cost proposal, which includes an $800,200 direct material estimate. After Initial examination of the pr

WyseFinance maintains a non-current asset register for recording information for non-current assets for a business. The business is registered for VAT. The following is a purcha

Four major qualitative characteristics of accounting information There are four major qualitative characteristics which influence usefulness of accounting information. Additio

#question.how to account enginering cost

Calculation of the actuarial gain/losses in year to 31 December 2010 FV of plan assets PV of plan liabilities $000

During the fourth quarter of 2006, Cablevision, Inc., generated excess cash, which the company invested in securities, as follows: On Nov. 12 purchased 1,000 shares of common st