Answered step by step
Verified Expert Solution
Question
1 Approved Answer
13 Following errors were located; a. Purchased goods from Rama for Rs. 20,000 was recorded as sales to her. b. Salary paid to Sabina
13 Following errors were located; a. Purchased goods from Rama for Rs. 20,000 was recorded as sales to her. b. Salary paid to Sabina Rs. 5,000 debited to personal a/c c. Wages paid for installation of machine wrongly debited to wages a/c Rs. 1,000. d. Goods worth 3,000 distributed as free sample not recorded at all. e. Salary paid Rs. 5,000 debited to salary a/c by Rs. 500. Required: Rectification entries.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started