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Standard XI
Accountancy
Error of Commission
Cash received...
Question
Cash received from Karim Rs 6,000 posted to Nadeem. This is the error of .........
State the wrong entry recorded in the book of accounts
Correct effect should have been
The rectification entry will be
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Solution
Cash received from Karim Rs 6,000 posted to Nadeem.
This is the error of
Commission
.
State the wrong entry recorded in the book of accounts.
Cash A/c Dr
6,000
To Karim
6,000
Correct effect should have been
Cash A/c Dr
6,000
To Karim
6,000
The rectification entry will be
Nadeem Dr
6,000
To Karim
6,000
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