ACC201 Financial Accounting

Financial AccountingTU Board 2022

Pass the journal entries to rectify the following errors located after the Trial balance. • Goods Purchase from Sujata store for Rs 15,000 were recorded in Sales book. • Purchase return book…

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Pass the journal entries to rectify the following errors located after the Trial balance. • Goods Purchase from Sujata store for Rs 15,000 were recorded in Sales book. • Purchase return book overcast by Rs 2,000. • Commission received Rs 3,000 from ABC's co. but debited in ABC's Co. account. • Wages paid for the installation of Furniture was debited in wages account Rs 4,500. • Depreciation of Rs 4,500 has been wrongly posted as Rs 5,400 in machinery account. Required: Entries for rectification

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