Accounting cycles

General Accounting Principles

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Rectifying the error of a credit purchase of goods worth Rs. 10,000 recorded as credit sale to Mr. D, discovered two months later.

Journal Proper (General journal)

Sales Book

Cash Book

Purchase book

The rectification of errors of sales book or purchase book is covered under journal proper.