CA Foundation doubt
The total of this receivable book rupees 1500 has been posted to credit of bills receivable account what is the effect of
Asked by Jessika14 Jul 2025593 views
3 answers
Skandh · 14 Jul 2025
This is error of commission
Skandh · 14 Jul 2025
Fir the correct entry we need to debit BR by 1500 but we wrongly entered in credit now we debit BR account with twice one for original and second for wrongly credit
Ashutosh · 14 Jul 2025
We have to debit the receivable accounts by twice the amount to rectify the error of posting on wrong side of account... The final answer if Dr the recievable account by 3000
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