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Rectification of error

Accountancy

I haven't clear this question

Saloni Kumari

CA Inter

★ 180

28-Apr-20 13:40

2K+

Answers (6)

Please elaborate your query

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

Thread Starter

Saloni Kumari

CA Inter

★ 180

28-Apr-20 16:24

Thread Starter

Saloni Kumari

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

Please make me understand

Attachments

Thread Starter

Saloni Kumari

CA Inter

★ 180

28-Apr-20 16:27

Thread Starter

Saloni Kumari

Please make me understand

Cost price recorded

Yash singhal

CA Inter

★ 2K+

29-Apr-20 12:14

Thread Starter

Saloni Kumari

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

Sale ac dr 432 To cash ac 432

Nandini S

CA Foundation

★ 1K+

30-Apr-20 19:22

Thread Starter

Saloni Kumari

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

CA Final

★ 20K+

08-May-20 13:53