Commerce Exam > Commerce Questions > A sum of 8300 recieved from X was posted to h...
Start Learning for Free
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)?
Most Upvoted Answer
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify...
Rectifying Error in Posting a Sum of 8300 as 3800 to X's Debit
Identifying the Error
The first step in rectifying this error is to identify the mistake. In this case, a sum of 8300 was received from X, but it was posted to his debit as 3800. This means that an error was made when posting the transaction.
Rectifying the Error
To rectify this error, the following steps can be taken:
- Contact X: The first step is to contact X and inform him of the error. This will allow him to confirm the correct amount that was received and help to identify the error.
- Review the Records: The next step is to review the records to identify where the error occurred. This will involve checking the transaction records and the ledger to identify any discrepancies.
- Adjust the Records: Once the error has been identified, the records can be adjusted to reflect the correct amount. In this case, the entry will need to be adjusted from 3800 to 8300.
- Update the Ledger: Finally, the ledger will need to be updated to reflect the correct amount. This will ensure that the books are accurate and up-to-date.
Preventing Future Errors
To prevent future errors, the following steps can be taken:
- Double-Check Transactions: All transactions should be double-checked before they are posted to the ledger. This will help to identify any errors before they become a problem.
- Train Staff: Staff responsible for posting transactions should be trained to ensure they understand the process and can identify errors.
- Implement Checks and Balances: Checks and balances can be implemented to ensure that transactions are accurate. For example, a second person can review transactions before they are posted to the ledger.
By following these steps, errors can be identified and rectified quickly, and steps can be taken to prevent future errors from occurring.
Community Answer
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify...
Suspense A/c Dr. 4500
To X's A/c 4500
To X's A/c 4500
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)?
Question Description
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)?.
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)?.
Solutions for A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? defined & explained in the simplest way possible. Besides giving the explanation of
A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)?, a detailed solution for A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? has been provided alongside types of A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? theory, EduRev gives you an
ample number of questions to practice A sum of 8300 recieved from X was posted to his debit as 3800 (rectify)? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup