Rectify the following errors: (a) Salary paid to Mohan has been debited to his personal account `

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Rectify the following errors:

(a) Salary paid to Mohan has been debited to his personal account ` 300.

(b) ` 1500 withdrawn by the proprietor has been debited to the general expenses account.

(c) Wages paid 500 for making office furniture has been debited to the wages account.

(d) ` 600 received as interest has been wrongly credited to the commission account.

(e) Purchase of loose tools has been debited to purchases account ` 300.

(f) Cash ` 400 received from Ahmed has been credited to Anand’s account.

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Financial Accounting For Hotels

ISBN: 9781259004940

1st Edition

Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad

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