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 not-for-profit organizations, Q. What do you mean by No...

Q. What do you mean by Not-for-profit organizations? Not-for-profit organizations such like charities, fraternities, churches, and universities need accountants to record and a

T Accounts, Provided services on credit to Yamato P/L $5 900. How do we ap...

Provided services on credit to Yamato P/L $5 900. How do we apply this in the t accounts

Principal x Rate x Time, 10,000 dollar loan at a Maturity of 3 months, an 8...

10,000 dollar loan at a Maturity of 3 months, an 8% interest rate

Prepare a balance sheet, The balance sheet account as of July 31, 1995 for ...

The balance sheet account as of July 31, 1995 for XYZ company are : Capital: (fix lib)                            35,630 Office Equipment (ass)                  16730 Delivery

The classified balance sheet, Dunmore Coal and Iron purchased $1,000,000 in...

Dunmore Coal and Iron purchased $1,000,000 in corporate bonds and 500,000 shares of common stock in its competitor, Olyphant Iron. Dunmore plans to hold onto the bonds until the ma

State the classified balance sheet, State the classified balance sheet ...

State the classified balance sheet ASSETS Current Assets are cash and any other assets which are expected to be realized in cash, sold, used up or expire within one year.

A physical inventory on december 31 shows 2, a physical inventory on decemb...

a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inv

BRS, what is the BRS

what is the BRS

Hi, 1. Carmen Santiago works for a number of businesses as a  “consultant...

1. Carmen Santiago works for a number of businesses as a  “consultant.” She has helped design accounting systems,  provided accounting services, and analyzed the financial  s

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