As Mel Smith was doing his year-end accounting, he noticed that the bookkeeper had made errors...

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As Mel Smith was doing his year-end accounting, he noticed that the bookkeeper had made errors in recording several transacti

business accounting

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Answer 1

Answer #1

Correct Entry :-

Cash a/c Dr. 180

To accounts receivable a/c 180

Wrong Entry :-

Accounts payable a/c Dr. 810

To Acoounts receivable a/c 810

Rectification entry:-

Cash a/c Dr. 180

Accounts receivable a/c Dr. 630

To accounts payable a/c 810

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Answer 2

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As Mel Smith was doing his year-end accounting, he noticed that the bookkeeper had made errors...

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