Tuesday, 27 November 2012
“Financial Accounting-MGT101” Concept to be Tested: Recording Journal Entries Discussion Question From the following journal entries, you are required to identify the mistake therein and also support your answer with logical reason. 1. Machinery sold for Rs. 10,000 has been recorded as: Cash A/C 10,000 Sales A/C 10,000 2. Furniture Showroom purchased furniture costing Rs. 8,000 recorded as: Furniture A/C 8,000 Cash A/C 8,000 Note: Your comments should be according to requirement and not be more than 300 words.
