Final accounts

Accountancy

Sir the treatment given for provision for discount on debtors is wrong I think?

Soumya A

CA Inter

★ 20K+

12-Dec-21 12:51

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Answers (4)

Why do you think so?

Dharshini Sankar

CA Inter

★ 7K+

12-Dec-21 13:13

Dharshini Sankar

Why do you think so?

The 8th adjustment is correct but the 7th adjustment is wrong. The correction would be as follows :

Attachments

Nithish Kamath

CA Final

★ 4K+

12-Dec-21 13:33

Nithish Kamath

The 8th adjustment is correct but the 7th adjustment is wrong. The correction would be as follows :

how can you please explain

Thread Starter

Soumya A

CA Inter

★ 20K+

12-Dec-21 15:02

Thread Starter

Soumya A

how can you please explain

Those adjustments are followed only when those are GIVEN in trial balance. If they are not given in trial balance and given in adjustments instead, then the treatment given in last column will be followed

Nithish Kamath

CA Final

★ 4K+

12-Dec-21 15:06