goods purchases of Rs.1200 was recorded in the sales book
and the Vendor's account was credited by Rs. 1200
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Answer / sekhar
Wrong entry:
Sales A/c Dr. 1200
Vendor A/c Cr. 1200
Rectification Entry:
Purchase A/c Dr. 1200
Sales A/c Cr. 1200
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / h.r. sreepada bhagi
Rectification entry passed by Sekhar is correct - Amount
wrongly debited to Sales account is transferred to Purchase A/c
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / subha
purchases a/c dr 1200
sales a/c dr 1200
to suspence ac 2400
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / suman.g
Wrong entry passed
Purchases A/c Dr. 2400
To Vendor's A/c 1200
To Sales A/c 1200
Correct Entry which should have been passed
Purchases A/c Dr. 1200
To Vendor's A/c 1200
Rectification entry
Sales A/c Dr. 1200
To Purchases A/c 1200
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / deepak singh
purchase a/c 1200
vender a/c cr. 1200 (it wrong do entry)
.......................................
now right is
vender a/c dr. 2400
to purchase a/c cr. 2400
(if entry was wrong then doing write entry (1200+1200)
.........
thanks..
| Is This Answer Correct ? | 1 Yes | 10 No |
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