account, Accounting Basics

Assignment Help:
#quthe books of deven verma could not be tallied.the accountant transferred the difference of Rs.1270 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 propritor which was not recored. 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 include in the account.estion..

Related Discussions:- account

What do you mean by capitalize, Q. What do you mean by Capitalize? Capi...

Q. What do you mean by Capitalize? Capitalize -- to capitalize means to record an expenditure on balance sheet as an asset,to be amortized over the future. Opposite is to expen

What is fbt? explain , The tax payable on a non-salary benefit given to an ...

The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is liable to pay any FBT and may decide to recover the FBT amount from th

The amortization schedule, San Jose Company issued 5-year $200,000 face val...

San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line situation to complete the a

How to enter this transaction in books of accounts?, My company has done a ...

My company has done a down payment on inventory ,then manufacturer will ship this order between 30 to 60 days after original payment and the balance is due 60 days once the order g

At the end of the current year, At the end of the current year, $19,900 of ...

At the end of the current year, $19,900 of fees have been earned but not billed to clients. • a. What is the adjustment to record the accrued fees? Indicate each account affecte

Similarity in financial and management accounting & finance, 1.  What are f...

1.  What are financial accounting, management accounting, and finance? What are their similarities and differences? 2. What information does a balance sheet provide? How do acco

Nos, the spelling of number is different than code

the spelling of number is different than code

How to capitalize my patents?, How can I capitalize my patents? My company ...

How can I capitalize my patents? My company has applying for a patent and I want to capitalize the research and development expenditures. I know it will cost some legal charges and

Accounting , Jim owns and manages a small business, which provides an offic...

Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd