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CBSE Class 11-commerce Answered

Give two examples of errors committed by the firm in recording transactions in the cash book.
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
answered-by-expert Expert Answer

Errors committed in recording transactions by the firm:

  1. A cheque of Rs.500 received from the debtor was recorded in the cash book but not sent to the bank for collection.
  2. A cheque of Rs.1500 issued by the firm is wrongly recorded as Rs.150 on the credit side of the cash book.
Answered by | 15 Jul, 2016, 06:31: PM
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Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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ANSWERED BY EXPERT ANSWERED BY EXPERT
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ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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