CA Foundation doubt
PLEASE EXPLAIN ME THIS RECTIFICATION ERROR WITH PROFILE AND LOSS ADJUSTMENT METHOD....🙏🏻
Asked by Parmar25 Jul 2024451 views
4 answers
Parmar · 25 Jul 2024
Thank you ☺️
SHIVA · 25 Jul 2024
One more thing u should replace Sales and trading A/c with P/L Adj A/c
SHIVA · 25 Jul 2024
2) Inventory with debtors A/c 1600 To Trading A/c 1600
SHIVA · 25 Jul 2024
Their will be 2 entries 1) Reversal of sales Sales a/c Dr 1920 [1600+320] To debtors A/c
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