Interested to Buy Any Domain ? << Click Here >> for more details...
Pass necessary journal entries for the following.
1.Goods supplied by surjit for rs 15000 were entred in
sales book.
- 7 Answers
- 13134 Views
- I also Faced
- E-Mail Answers
Answer Posted / padma
it seems that instead of recording goods recd from surjit,
is wrongly entered in sales books means our sales has
increased by 15000, it is also impertant to check wheather
we have noted the same in our purchase book, if not then
the journal entry will be
sales a/c dr 15000
purchase a/c dr 15000
To party a/c 30000
rectification entry
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Dillution effect on EPS
Is push down accounting accepted under generally accepted accounting standards?
What do you mean by material facts in accounting?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
Which accounting application you prefer most and why?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
what is difference between budgeting and Forecasting
How much mathematics knowledge is necessary or required in accounting?
how do made in finalization
how will rectify the error in trial balance.
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
Which kind of transactions are not recorded in the books of account?
