Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / idea compouters(tally academy)
Error mean mistake. If you are prepared accounts, the
mistake will come journal, ledger & trailbalance. First we
are identified the mistake and that mistake adjusted or
recitified.
For example:
Purchases goods for cash Rs 1000/-
The journal entry is
Purchase A/c ...Dr 1000
To cash A/c 1000
But posting in the ledger accounts, we are posted in
Purchase a/c only 100/-. the 900/- is missed in purchases
a/c. like this type of errors, rectified called as
recitfication of errors.
| Is This Answer Correct ? | 29 Yes | 4 No |
Post New Answer View All Answers
Why does the accounting equation have to balance?
Explain me how much mathematics knowledge is necessary or required in accounting?
What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956
Tell me what are things will not be included in bank reconciliation statement?
Explain financial accounting.
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
What steps would you take before approving an invoice for payment?
How the Entry passed for Loss of Payment
What is vat adjustment?
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
what is difference among credit, loan, advance
How do I record a prior year property tax refund on sale of asset due to overvaluation
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
In which ways is math used in accounting
why creditors a/c dr. to discount received a/c ?
