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What will be the effect on Capital a/c after rectifying the following errors : (i) Purchase of a cycle for Rs. 3,000 was debited to conveyance A/c (fixed assets are depreciated at 10 %) (ii) Credit purchase of goods from X for Rs. 2,500 was wrongly entered in the sales book (iii) Cash received from Mr. A Rs. 1,500 was posted to the A/c of Mr. B (a) Debited with Rs. 2,300 (b) Credited with Rs. 2,300 (c) Debited with Rs. 2,700 (d) Credited with Rs. 3,800 Pls explain the solution.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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What will be the effect on Capital a/c after rectifying the following errors : (i) Purchase of a cycle for Rs. 3,000 was debited to conveyance A/c (fixed assets are depreciated at 10 %) (ii) Credit purchase of goods from X for Rs. 2,500 was wrongly entered in the sales book (iii) Cash received from Mr. A Rs. 1,500 was posted to the A/c of Mr. B (a) Debited with Rs. 2,300 (b) Credited with Rs. 2,300 (c) Debited with Rs. 2,700 (d) Credited with Rs. 3,800 Pls explain the solution.?, a detailed solution for What will be the effect on Capital a/c after rectifying the following errors : (i) Purchase of a cycle for Rs. 3,000 was debited to conveyance A/c (fixed assets are depreciated at 10 %) (ii) Credit purchase of goods from X for Rs. 2,500 was wrongly entered in the sales book (iii) Cash received from Mr. A Rs. 1,500 was posted to the A/c of Mr. B (a) Debited with Rs. 2,300 (b) Credited with Rs. 2,300 (c) Debited with Rs. 2,700 (d) Credited with Rs. 3,800 Pls explain the solution.? has been provided alongside types of What will be the effect on Capital a/c after rectifying the following errors : (i) Purchase of a cycle for Rs. 3,000 was debited to conveyance A/c (fixed assets are depreciated at 10 %) (ii) Credit purchase of goods from X for Rs. 2,500 was wrongly entered in the sales book (iii) Cash received from Mr. A Rs. 1,500 was posted to the A/c of Mr. B (a) Debited with Rs. 2,300 (b) Credited with Rs. 2,300 (c) Debited with Rs. 2,700 (d) Credited with Rs. 3,800 Pls explain the solution.? theory, EduRev gives you an
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