Hi if any expense is booked wrongly under the head of expense while booking how it should be rectified later on
7 Replies
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 18 August 2010
rectification will be made by making the right entry.
In this case wrong entry passed is like as below
Wrong Exp. Head A/C Dr.
To Cash/Bank
And
P& L A/c Dr.
To Wrong Exp. Head A/C
Then Right entry to rectify the above entry would be
Right Exp. Head A/C Dr
To Wrong Exp Head A/c
CA Mohit Thareja
(Assistant Manager-Accounts & Finance)
(1117 Points)
Replied 18 August 2010
agree with kalpesh............
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 19 August 2010
by journal voucher
Right expenses head a/c dr
Wrong Exp. Head A/ cr
CA kuldeep kothari
(own practice)
(375 Points)
Replied 19 August 2010
| Originally posted by : shailesh agarwal | ||
 |
by journal voucher Right expenses head a/c dr Wrong Exp. Head A/ cr |
 |
agreed with sir
PANKAJ KHURANA
(PARTNER)
(447 Points)
Replied 19 August 2010
| Originally posted by : CA kuldeep kothari | ||
|
|
Originally posted by : shailesh agarwal by journal voucher Right expenses head a/c dr Wrong Exp. Head A/ cr agreed with sir |
|
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