goods purchases of Rs.1200 was recorded in the sales book and the Vendor's

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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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goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credite..

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

goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credite..

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

goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credite..

Answer / subha

purchases a/c dr 1200
sales a/c dr 1200
to suspence ac 2400

Is This Answer Correct ?

5 Yes

5 No

goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credite..

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

goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credite..

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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