wrong booking of expenses

Internal Audit 1105 views 4 replies

Hi can anybody tell me if an expense voucher is wrongly entered under wrong head how it can be rectified later on?

Replies (4)

It is simple, Yaar if u booked the expenses during the year and maintained the accounts  through computer, then just modify the entry by debiting to correct account head .

Dear Vinayak,

Never do the habit of modifying the voucher,  its always suggested to pass a rectification journal.

This is best practise, any body will do mistake but do the rectification entry.   This is how you can do it in any Accounting Package unless otherwise you have the Super User Rights and also in the ERP environment .

agree with dharmendra...pass rectification entry...dont modify it is not good practice

rectify that dont modify..............................


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