Question
If a purchase return of ₹1,000 has been wrongly posted
to the debit of the sales returns account, but has been correctly entered in the suppliers’ account, the total of the:Solution
Explanation: Purchase return is normally recorded on the credit side , but here it was wrongly debited to the sales return account , which is also a debit account . So, instead of crediting ₹1,000, we debited an additional ₹1,000. This causes a double error of ₹2,000 on the debit side .
In which of the following country The World First Station for seed testing was established
Which of the following is not a method of calculating National Income?
In compliance with the guiding principles specified in the Food Safety and Standards Act, 2006 and India's commitments towards WTO, FSSAI created a Foo...
A decision-based process involving coordinated use of multiple tactics for optimizing the control of pathogen in an ecologically and economically is kno...
Authorities jointly responsible for implementation and enforcement of FSSA, 2006.
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INM comprises of
Moisture content in paddy after dying should be
The movement and filtration of water through soils and permeable rock is termed as
The condition where the plant is unable to produce a zygote with its own pollen is called as?
