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Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:(1) Goods of the value of ₹ 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of hisaccount; (ii) 250 entered in the Sales Returns Book, has been posted to thedebit of Mr. R, who returned the goods;(iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. Sas₹70;(iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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Here you can find the meaning of Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:(1) Goods of the value of ₹ 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of hisaccount; (ii) 250 entered in the Sales Returns Book, has been posted to thedebit of Mr. R, who returned the goods;(iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. Sas₹70;(iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.? defined & explained in the simplest way possible. Besides giving the explanation of
Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:(1) Goods of the value of ₹ 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of hisaccount; (ii) 250 entered in the Sales Returns Book, has been posted to thedebit of Mr. R, who returned the goods;(iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. Sas₹70;(iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.?, a detailed solution for Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:(1) Goods of the value of ₹ 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of hisaccount; (ii) 250 entered in the Sales Returns Book, has been posted to thedebit of Mr. R, who returned the goods;(iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. Sas₹70;(iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.? has been provided alongside types of Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:(1) Goods of the value of ₹ 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of hisaccount; (ii) 250 entered in the Sales Returns Book, has been posted to thedebit of Mr. R, who returned the goods;(iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. Sas₹70;(iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.? theory, EduRev gives you an
ample number of questions to practice Pass the necessary Journal entries to rectify the following errors, using a Suspense Account:(1) Goods of the value of ₹ 500 returned by Mr. A were entered in the Sales Day Book and posted there from to the credit of hisaccount; (ii) 250 entered in the Sales Returns Book, has been posted to thedebit of Mr. R, who returned the goods;(iii) A sale of 700 made to Mr. Q was correctly entered in the Sales Day Book but wrongly posted to the debit of Mr. Sas₹70;(iv) The total of "Discount allowed" Column in the Cash Book for September amounting to 350 was not posted.? tests, examples and also practice UPSC tests.