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Accounting Homework Help

What Are Errors in the Subsidiary Books and Their Rectification Homework Answers?

by Jul 9, 2017Accounting

Accounts, as you might have made out by now, can be both- the easiest subject that you are to deal with and the most difficult one depending on how you look at it. Now, if Accounts is at the moment nothing short of trouble or pain to you right now, what you need to do is seek the correct kind of help. Going for errors in the subsidiary books and their rectification homework answers when you’re filled with doubts about the same is one of the many solutions to the obvious coping with homework issues that you might be facing in Accounts.

What are the kinds of subsidiary books?

There are a number of subsidiary books where acts of omissions- intentional or unintentional might take place in a firm so as to entertain corruption of any sort. The main subsidiary books where such errors are seenoccurring, are as follows:

  • Purchases book
  • Sales book
  • Returns outward book
  • Returns inward book
  • Bills receivable book
  • Bills payable book

Now that you know of the kinds of Subsidiary books that there are, you can imagine the level of error making that is possible. However, what you also need to know is that these errors can very well be rectified. If the entire concept seems difficult for you to understand though, you can always go for errors in the subsidiary books and their rectification homework answers.

Kinds of errors and rectifications in the subsidiary books

Since you have been well acquainted with the kinds of Subsidiary books already, let me enlighten you, about the kinds of errors and the possible rectifications that each kind of Subsidiary book enables you to make. (If your troubles are with homework though, you can always go for errors in the subsidiary books and their rectification homework answers.

Purchases book

This book contains the entries of all the different kinds of purchases that the firm apparently makesbig or small, important or trivial. However, with a firm having so much to purchase, it is natural for you to miss out on the entry of at least one purchase. In such circumstances, you will be held guilty though and to rectify your mistake, all you need to do is add in the entry in the last specifying whether the purchase book has ‘undercast’ or ‘overcast’ a certain amount.

Sales book

Sales book is the book which consists of the different records of sales of a firm. Be it in terms of money or in terms ofassets; every single entry is supposed to be made in thorough details. However, being human and the firm being prone to making a lot of sales, missing out on one or two entries is hardly unnatural. The solution or the rectification, however, is done by adding whether the record is ‘undercast’ or ‘overcast’ and by what amount and in which book.

Return outwards book

It is also known as the purchases return book, and it contains the record of all the returns of purchases or the credit record of the firm to be precise. Now, the process remains similar when it comes to rectification. This is because even in the case of rectification in the Return outwards book, all you need to do is add in whether or not the money is ‘undercast’ or ‘overcast’ and by what amount.

Return inwards book

Now, this is also known as the sales return book. It contains the records of all the sales that have returned. It basically shows the loss that the company or the firm has had to face. Now, since it has a lot of records too, to rectify its error of omission, what one needs to do is add in the ‘undercast’ or ‘overcast’ of the amount that has not been entered.

Bills receivable book

As its name itself suggests, this book deals with the entry of all the money that a firm’s debtors have drawn from it and how much the outsiders owe the firm. For this too, the rectification process is to add it what amount is to be ‘undercast’ or ‘overcast.’

Bills payable book

Last but not the least, is the Bills payable book which is responsible for the entries of all the bills or all the money that the firm owes to its debtors and the rectification process in the acts of non-deliberate omission remains the same. All you need to do is add it what amount is ‘undercast’ or ‘overcast’ in the entries and you’ll be done.

Why should one seek homework help in accounts?

As you might have made out by now, Accounts is not an easy subject to deal with at all and to actually excel at it, what you need to do is be fully thorough at it. For that to happen, you have to make sure that your understanding is devoid of any doubts or questions.

In case of any doubts, what you must do is go for errors in the subsidiary books and their rectification homework answers from online homework help companies and assignment making companies who make sure that all your doubts are cleared.

Their efficient professors from every field ensure that the entire concepts of Accounting are clear to you and try their best at making the experience of learning more fulfilling for you.

Tips to complete your homework with excellence

Now, now, now, completing your Subsidiary diary homework with excellence isn’t easy but it isn’t impossible either. You can definitely go for errors in the subsidiary books and their rectification homework answers but what you need to do before that is follow a few tips to make sure your work is impressive:

  1. Always clear your doubts:

No matter how difficult the chapter might be and how strict your teacher is, you have to make sure that you leave no stones unturned to clear all your doubts. You can even seek help from the online homework help companies or assignment making companies if required.

  1. Make sure you start your work only after thorough research:

You must know that research in any subject or any chapter never goes waste. For you to actually love any subject, it is important that you know its roots and once you know its roots, it will become easier for you to understand the chapter and subject itself which will reflect in both your homework and your assignments thereby promising you great grades in no time.

  1. Your work must be organized and systematic:

Last but not the least, even if you know all the information and are thorough with your research, what you need to make sure of is that you first collect all the data and information that you have researched and your own notes. Once you decide how you plan on writing what information, you can start jotting down your homework but not before that.This will help you make your work thoroughly organized which is sure to create a great impression in the mind of your teacher.

Now, that you know what to do, go ahead and tackle the difficult homework that you have been assigned. And don’t you forget, you know where to turn to when you need help!