Trade costs account

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Reference no: EM13904123

Pass diary sections important to amend the accompanying blunders:

 

1. A measure of Rs. 2,000 withdrawn by the proprietor for his own utilization has been charged to Trade Costs Account.

 

2. A buy of products from Nathan adding up to Rs. 3,000 has been wrongly entered in the Sales Book.

 

3. A credit offer of Rs. 1,000 to Santhanam has been wrongly gone through the Purchases Book.

 

4. Rs. 1,500 got from Malhotra have been credited to Mehrotra.

 

5. Rs. 3,750 paid by virtue of pay to the clerk Dhawan stands charged to his own record.

 

6. A builder's bill for expansion of premises adding up to Rs. 27,500 has been charged to Building Repairs Account.

 

7. On 25th March, products of the estimation of Rs. 5,000 were returned by Akash Deep and were taken into stock be that as it may, the profits were entered in the books under date 3rd April, i.e.; after the lapse of the money related year on 31st March.

 

8. A bill of Rs. 2,000 for old office furniture sold to Sethi was entered in the Sales Day Book.

 

9. A measure of Rs. 800 got by virtue of hobby was credited to Commission Account.

Reference no: EM13904123

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