The books of record of Bipin Lal for the year finished 31st March, 2011, were shut with a distinction in the trial equalization conveyed forward. In this way the accompanying mistakes were recognized:
(i) Rs. 1,500 being the aggregate of rebate section on the credit side of the money book was not posted in the general record.
(ii) Closing stock was exaggerated by Rs. 9,000 being throwing slip in the timetable of stock.
(iii) Returns outwards book was undercast by Rs. 150.
(iv) A credit offer of Rs. 870 was wrongly presented as 780 on the client's record in the business record.
(v) Rs. 6,000 being the expense of procurement of office furniture was entered in the buys book.
Pass amendment sections, get ready anticipation record, and discover the impact of adjustment on benefit for the year finished 31st March, 2011.