Hi can anybody tell me if an expense voucher is wrongly entered under wrong head how it can be rectified later on?
4 Replies
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 18 August 2010
It is simple, Yaar if u booked the expenses during the year and maintained the accounts through computer, then just modify the entry by debiting to correct account head .
B.N.Dharmendra
(Senior Manager Indirect Taxation)
(136 Points)
Replied 18 August 2010
Dear Vinayak,
Never do the habit of modifying the voucher, its always suggested to pass a rectification journal.
This is best practise, any body will do mistake but do the rectification entry. This is how you can do it in any Accounting Package unless otherwise you have the Super User Rights and also in the ERP environment .
mehul kishnani
(student)
(264 Points)
Replied 18 August 2010
agree with dharmendra...pass rectification entry...dont modify it is not good practice
CA Mohit Thareja
(Assistant Manager-Accounts & Finance)
(1117 Points)
Replied 18 August 2010
rectify that dont modify..............................
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