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Rectification of Errors
Accountancy
Please verify if there is any mistake in any number and also tell me what will be bit 7
Answers (10)
Aswin Chandar
Hello, Kindly read the question properly it says rectify the errors before preparation of trail balance, so there is no suspense account involved.
Yes I understand. But I was trying to do Journal entries for Error rectification. Can you please say what will be the answer to bit 7
Aswin Chandar
Hello, Kindly read the question properly it says rectify the errors before preparation of trail balance, so there is no suspense account involved.
Please also have a look to check if others are correct
Thread Starter
Ardhendu Sekhar AcharyaPlease also have a look to check if others are correct
yes, all the other entries seems fine. About 7) When discount is allowed to debtor the would be Discount allowed(loss) A/c Dr To Debtor(Sathis)A/c. Here they say sathis account is correctly credited but it isnt recorded in discount column of cash book. So the rectification would be to debit discount column of cash book with 25. Hope i made it clear
Aswin Chandar
My pleasure, i hope i gave the best answer i could.
Yes I am genuinely grateful to you for your help
Thread Starter
Ardhendu Sekhar AcharyaYes I am genuinely grateful to you for your help
Its alright just mark best answer if you feel so.ð???ð???
