Reference no: EM13904475
On 31st March 2011, a bookkeeper of a sole proprietorship concern couldn't concur his trial equalization. He put the distinction in a recently opened anticipation account and shut the books of record for the year. In the resulting bookkeeping year, the accompanying blunders in the books for the year 2010-11 were found:
(i) Rs. 8,000 paid for buy of office furniture was presented on the buys account.
(ii) The business book was cloudy by Rs. 100.
(iii) Wages paid for establishment of apparatus, Rs. 2,750 had been charged to wages account as Rs. 5,250
(iv) A check for Rs. 7,330 was gotten from Rao in the wake of permitting him a markdown of Rs. 70. It was embraced in support of Sen in full settlement of Rs. 7,500. The check was disrespected, however no section for shame was gone in the books.
Pass diary sections to amend the aforementioned blunders. Additionally set up the tension record and benefit and misfortune record accepting that every one of the slips have been found.
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Conceded income uses
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Determine the outside trusts prerequisite
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Opened anticipation account
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