Rectify the following errors with appropriate journal entry.
(i) Goods withdrawn by proprietor for personal use 2,000 were debited to trade
expense account.
(i) Sales returns book overcast by 400
(i) Credit sales to Mohan 11,000 were recorded in purchases book.
(iv) Credit purchases from Rohan 6,500 were not posted to his account.
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Answer:
1) drawingsa/c dr
to trade expensea/c
2)suspensea/c. dr.
to sales retuns a/c
3)salesa/c. dr
to sales a/c
4)suspense a/c. dr
to Rohan a/c
i hope u understand
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