ACC201 Financial Accounting

Financial AccountingTU Board 2022

The following accounting errors are identified before preparation of the trial balance. a. A salary of Rs 25,000 was paid to Mr. Motiram which was debited to his personal account. b. A computer…

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The following accounting errors are identified before preparation of the trial balance.

a. A salary of Rs 25,000 was paid to Mr. Motiram which was debited to his personal account. b. A computer purchase for office use of Rs 75,000 was debited to purchase account. c. A credit purchase of goods worth Rs 90,000 from Hemanta was recorded in sales book.

Required: Journal entries for rectification of accounting errors

A worked answer is on its wayMeanwhile, read the Financial Accounting notes for this topic.

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