Rectify the following errors: (a) Salary paid to Mohan has been debited to his personal account `
Question:
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(b) ` 1500 withdrawn by the proprietor has been debited to the general expenses account.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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Related Book For
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad
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