If cheque issued for 1400/- and recorded as 1900/- how do
we rectify this error.

Answer Posted / accountant

caah a/c dr 1900

To bank a/c 1400
TO suspence a/c 500

Is This Answer Correct ?    1 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a contra entry

7978


Can you please explain the difference between differentiate between consignor and consignee?

623


Expand ctc cheque?

623


my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

958


What is a business transaction in accounting?

634






how sales invoices adjusted against advance received from Debtor?

1476


sir i want know how to fill vat return

1619


Explain me where a cash discount should be recorded in journal entry?

3482


why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

1102


Tell us depreciation and its types?

635


Private purchases amounting to rs 5000 have been debited to purchases account

1017


Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.

1319


I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com

1488


What are the uses of journal in accounting?

647


Tell me in accounting, vat abbreviates what?

654