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Rectification of error

I haven't clear this question


Subham Kumar

Subham Kumar

CA Foundation

180

28-Apr-20 13:40

51

Answers (6)

Please elaborate your query


Sriram Somayajula

Sriram Somayajula

Admin

28-Apr-20 16:21

This entry- goods (cost of Rs 423,sale price Rs 432 ) taken by Ganesh the proprietor for his personal use recorded in sale book


Subham Kumar

Subham Kumar

CA Foundation

180

28-Apr-20 16:24

Please make me understand

Cost price recorded


Yash singhal

Yash singhal

CA Foundation

1K+

29-Apr-20 12:14

Please make me understand

Sales A/c Dr. 432 (sale price) ==> sale entry cancelled Drawings A/c Dr. 423 (cost price) ==> personal use registered at cost from purchases To Ganesh A/c 432 (sale price) ==> sale entry cancelled To Purchases A/c 423 (Cost price) ==> drawings from stock for personal accounted under drawings


sudha reddy

sudha reddy

Moderator

08-May-20 13:53

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