A passage for the merchandise

Assignment Help Accounting Basics

Reference no: EM13904122

Rectify the following:

(i) A passage for the merchandise sold to Madhav for Rs. 1,020 was presented for him as Rs. 1,200.

(ii) Rs. 1,000 being the month to month aggregate of rebate permitted to clients was credited to markdown account in the record.

(iii) Rs. 2,750 got from Sohan was acknowledged to Mohan as Rs. 3,750.

(iv) Total of Purchases Book was Rs. 10,000 short.

(v) Sales of old furniture for Rs. 1,750 to Old Wares Stores was recorded in deals book. Book estimation of the furniture was Rs. 2,500

Reference no: EM13904122

Questions Cloud

Database security and government breaches : Database Security and Government Breaches. In criminal justice or public policy related journal articles that have passed a rigorous review process to validate the research contained in the article.

Why you think that the cio is this type of manager : Using the IT Savvy four types of the CIO (page 146 IT Savvy below), choose a type for each of CIO or IT leaders for the following 8 cases attached (Attachments 1-8).Give example of why you think that the CIO is this type of manager.

Vital suspense account : Pass diary passages to redress the accompanying blunders expecting the presence of the vital Suspense Account:

Trade costs account : A measure of Rs. 2,000 withdrawn by the proprietor for his own utilization has been charged to Trade Costs Account.

A passage for the merchandise : A passage for the merchandise sold to Madhav for Rs. 1,020 was presented for him as Rs. 1,200.Rs. 1,000 being the month to month aggregate of rebate permitted to clients was credited to markdown account in the record.

Diary & auxiliary books : Raju began business on first January 2011. You are obliged to pass sections, in diary & auxiliary books, post them in record and get ready trial offset under sums & equalizations strategy for January 2011.

Demonstrate a clear understanding of online tools : Demonstrate a clear understanding of, and ability to use, the specific features of different online tools Convey a coherent and consistent identity and related theme across all elements of your web presence

Stock of goods account : Furniture (debit balance) 20,000 Stock of Goods Account (debit balance) 70,000 S. Sircar (debit balance) 14,000 M. Mitra (debit balance)

The premise of imprest framework : Insignificant money is kept up on the premise of imprest framework. On twentieth March, 2011 the frivolous clerk had with him 328.

User Account

All Pages