Categoria: Bookkeeping
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Suspense Account Explained: Definition, Reconciliation & Common Errors
(vi) Goods returned by Mani Rs.750 have been entered in the returns outwards book. (iii) Cash Rs.390 received from Geetha, though entered in the cashbook had not been posted to Geetha’s a/c. (ii) Rs.760 paid for repairing machinery had been debited to Machinery a/c. Shaun Conrad is a Certified Public Accountant and CPA exam expert…