accounting error, Accounting Basics

Assignment Help:
the 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.

Related Discussions:- accounting error

These questions are based on the following information, These questions are...

These questions are based on the following information and should be viewed as independent situations. Popper Co. acquired 80% of the common stock of Cocker Co. on January 1, 200

Inventory, HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL100 w...

HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL100 words accepted#

T-accounts general ledger, trying to put the numbers into the correct asset...

trying to put the numbers into the correct asset t-account and not adding up

How the payment mechanism work. explain, The open items of an account can o...

The open items of an account can only be cleared once you post an identical offsetting amount to the account. In other words, the balance of the items assigned to every other must

Systems understanding aid 7th edition answers.., i need systems understandi...

i need systems understanding aid 7th edition answers!

Briefly explain the functions of accounting, Question 1 Briefly explain th...

Question 1 Briefly explain the functions of accounting Question 2 Explain the three branches of accounting Question 3 What is single entry system? What are the advantages and

Show approximation of periodicity, Q. Show Approximation of periodicity? ...

Q. Show Approximation of periodicity? Approximation and judgment because of periodicity To offer periodic financial information accountants must often estimate expected uncolle

Evaluation of data - scope of accounting, Data evaluation is observed as th...

Data evaluation is observed as the most significant activity in accounting recently. Evaluation of data comprises controlling the activities of business along with the assist of bu

IAS 40, what are the limitation

what are the limitation

A store receives $400 cash after offering a chain discount, A store receive...

A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00

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