Is there any similarity between these two errors : 1) The total of the purchase returns book has been overcast by Rs 50. 2) Goods purchased for Rs 550 from anil have entered in the purchases books as for Rs 515. and what kind of errors do they belong to. ( TWO SIDED ERRORS or ONE SIDED ERRORS ) and how to rectify these errors when there is suspense account and when there is no suspense account.
2 Replies
Syam Krishnan
(student)
(27 Points)
Replied 23 March 2014
For this you need to go through rectification of errors chapter...there they have mentioned abt d different type of errors and the way dey should be rectified.
Jag Bhushan Sharma
(Faculty in a B-School)
(633 Points)
Replied 22 April 2014
Dear Ali, I am giving below url of a video on rectification of errors.
https://www.youtube.com/edit?o=U&feature=vm&video_id=Uo7lXiL7JKQ
In case you have any doubts you may clarify them on www.jbsclasses.com
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