Give journal entries to rectify the following errors assuming that suspense account had been opened. (a) Goods
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Give journal entries to rectify the following errors assuming that suspense account had been opened.
(a) Goods distributed as free sample ₹ 5,000 were not recorded in the books.
(b) Goods withdrawn for personal use by the proprietor ₹ 2,000 were not recorded in the books.
(c) Bill receivable received from a debtor ₹ 6,000 was not posted to his account.
(d) Total of Returns inwards book ₹ 1,200 was posted to Returns outwards account.
(e) Discount allowed to Reema ₹ 700 on receiving cash from her was recorded in the books as ₹ 70.
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Related Book For
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
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