Give Journal Entries to rectify the following errors in the books of tigerwood corporation :- A cheque received from debtor (Account receivables) was dishonored and debited to allowance account, The...


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Give Journal Entries to rectify the following errors in the books of tigerwood corporation :-<br>A cheque received from debtor (Account receivables) was dishonored and debited to<br>allowance account, The amount of cheque was $24,900<br>1.<br>2.<br>Sale of equipment of $59,990 was Wrongly recorded as sale of goods.<br>3.<br>Goods worth $29,000 was dispatched to customer before year end but no invoice was<br>made<br>Amount of Purchase of $19,000 was wrongly debited to sales account.<br>

Extracted text: Give Journal Entries to rectify the following errors in the books of tigerwood corporation :- A cheque received from debtor (Account receivables) was dishonored and debited to allowance account, The amount of cheque was $24,900 1. 2. Sale of equipment of $59,990 was Wrongly recorded as sale of goods. 3. Goods worth $29,000 was dispatched to customer before year end but no invoice was made Amount of Purchase of $19,000 was wrongly debited to sales account.

Jun 02, 2022
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