banner_ad

Rectification of errors !!!

Accounting Entries 2055 views 2 replies

Dear Friends,

Please answer these doubts of accounts-Rectification of Errors.Its really important for me.

Rectify the following errors: 

1. An amount of Rs.375 has been posted on the debit side of commission account instead of Rs.275.

2.Goods of Rs.200 purchased from Sohan Lal has been posted to his account as Rs.250.

3.Total of Sales Returns Book was overcast by Rs.475 

4.Goods of Rs.300 were sold to Mahesh,but it was recorded in Purchase Book.

I need rectifying entries and accounting effect for the same above entries. 

Thanks in advance.:):):)

Replies (2)
1. Suspense dr. 100 To commission 100 2. Sohan dr. 50 To suspense 50 3. Suspense dr. 475 to sales return 475 4. Mahesh dr. 600 to sales 300 to purchases 300

Thank u Sir.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details