Mr. A is the accountant of a company ABC ltd. Goods worth Rs 20,000 have been purchased of which goods worth Rs 2,000 are found to be obsolete & were sent back, but the same was not communicated to the accountant by the store manager of the company separately. rather he put a note at the back of the goods receipt slip. The accountant of the company recorded the value of goods at Rs 20,000 in the books of accounts. Which step of accounting process has gone wrong in the above situation?

Mr. A is the accountant of a company ABC ltd. Goods worth Rs 20,000 ha

1.	Mr. A is the accountant of a company ABC ltd. Goods worth Rs 20,000 have been purchased of which goods worth Rs 2,000 are found to be obsolete & were sent back, but the same was not communicated to the accountant by the store manager of the company separately. rather he put a note at the back of the goods receipt slip. The accountant of the company recorded the value of goods at Rs 20,000 in the books of accounts. Which step of accounting process has gone wrong in the above situation?
Answer» Mr. A is the accountant of a company ABC ltd. Goods worth Rs 20,000 have been purchased of which goods worth Rs 2,000 are found to be obsolete & were sent back, but the same was not communicated to the accountant by the store manager of the company separately. rather he put a note at the back of the goods receipt slip. The accountant of the company recorded the value of goods at Rs 20,000 in the books of accounts. Which step of accounting process has gone wrong in the above situation?

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