general expenses of rupees 1825 posted in the general ledger as Rs 182. Rectify the following error
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4
Answer:
PLZ WRITE IT CORRECTLY... AFTER OR BEFORE TRIAL BALANCE..??
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0
Answer:
Before preparation of Final Accounts
General Expense A/c Dr. 1643
To Suspense A/c 1643
(Being general expenses of 1825 recorded as 182, now rectified)
OR
After preparation of final accounts
P&L Adjustment A/c Dr. 1643
To Suspense A/c 1643
(Being general expenses of 1825 recorded as 182, now rectifiedv)
Explanation:
(1825-182=1643)
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