Wrong entry passed Purchases A/c Dr. 2400 To Vendor's A/c

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

Question Posted / suman.g

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Answer Posted / 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

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