The rectification entries, Financial Accounting

Assignment Help:

Show the rectification entries for the following: (10 marks)

a. The Sales account is undercast by Rs.15,000

b. Goods returned by the customer Mr.X of Rs.5650 has been posted in the Return Inward Account as Rs.5560 and in Mr.X a/c as Rs.6,550.

c. Salary paid Rs.6,000 has been posted to Rent account

d. Cash received from Ram posted to Shyam account Rs.7,000

e. Cash received from Jadu Rs.8,640 has been posted to the debit of Madhu's a/c

Related Discussions:- The rectification entries

Salary, the salaries paid in 2004 is rs. 500000 salaries outstanding is rs....

the salaries paid in 2004 is rs. 500000 salaries outstanding is rs.20000 salaries paid in advance for 2004 is rs 30000 what is the actual salary expenditure for 2004?

Amalgamations-partnership, AMALGAMATIONS Two sole traders and a partnersh...

AMALGAMATIONS Two sole traders and a partnership,two or more partnerships or a sole trader and other partnerships may combine or join together to forma a single partnership. The

Measure of return in percentage terms, Both IRR and ROCE tenders a relative...

Both IRR and ROCE tenders a relative measure of return in percentage terms a feature that is seen as attractive to managers who may perhaps have difficulty in interpreting the abso

Compute the maximum profit, Question: Vinak Ltd., which produces three ...

Question: Vinak Ltd., which produces three products provides you the following data for 2008-2009.

Statement of surplus capital-partnership, Statement of surplus capital ...

Statement of surplus capital v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML

Accounting policies-financial statement, Accounting policies Accounting...

Accounting policies Accounting policies are the specific assumptions, bases, principles and practices that are adopted by firms in preparing financial statements. The standard

Calculate annual constant probability and face value, Greek Debt Exchange ...

Greek Debt Exchange On the evening of February 20, 2012 private institutional investors, representatives of the IMF, ECB, and European governments agreed to a major "intervention"

Reasons that influence firm''s degree of transaction exposure, Define reaso...

Define reasons that influence a firm's degree of transaction exposure? What reasons influence a firm's degree of ‘transaction exposure' in a certain currency? For each reason d

Explain about short-term bank loans and overdrafts, Q. Explain about Short-...

Q. Explain about Short-term bank loans and Overdrafts? Short-term bank loans and Overdrafts. The symptom are that Vertid is unlikely to obtain further finance from its bank alt

Prepare the income statement, Dillings Ltd is a wholesaler and distributor ...

Dillings Ltd is a wholesaler and distributor of catering of office equipment. The following list of balances was extracted from its books at 31 March 2004: The following ad

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages