The book of Deven Verma could not be tallied. The ac, Accounting Standards

The book of Deven Verma could not be tallied. The ac, Accounting Standards

Assignment Help:

The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs.
1,270 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 proprietor which was not recorded.
(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 included in the accounts

Related Discussions:- The book of Deven Verma could not be tallied. The ac

Standard costing, the relevance of standard costing

the relevance of standard costing

What type of an asset is goodwill, What kinds of risks does a firm like Ama...

What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? G

Explain the meaning of social accounting, QUESTION Social accounting is...

QUESTION Social accounting is a way of measuring and reporting on an organisation's social and ethical performance. It is principally concerned with offering a complementary fo

Pruthviraj, Explain in Details Return on Investment

Explain in Details Return on Investment

Sacred grounds coffee shop, To finish this scenario, use the Confidence In...

To finish this scenario, use the Confidence Interval Calculator Sheets 1,2,3. The Sacred Grounds coffee shop in Dead horse, AK, is considering changing its coffee brewing units

Classification of balance sheets items, The balance sheet lists assets, cap...

The balance sheet lists assets, capital and liabilities separately. This is an accepted convention about the assets and liabilities are demonstrated in sub groups and listed in the

Personal financial accounting1521, i need help for this subject

i need help for this subject

International accounting, write short notes on 5 modern accounting techniqu...

write short notes on 5 modern accounting techniques

Give an example of a purely reactive system, Question : (a) One of the...

Question : (a) One of the characteristics of an agent is "proactiveness". Briefly explain the effect of this characteristic. (b) Give an example of a purely reactive syste

Accounting Theory And Practice, Explain the procedure followed in governmen...

Explain the procedure followed in government system of accounting in india

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

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