CBSE Class 11-commerce Answered
Goods purchased from ram Rs. 6000 bi mistakely entered in journal proper rather entering in purchase book.
what willl be the rectifying entry ? ?
Asked by sorabh | 15 Feb, 2019, 12:58: PM
Expert Answer
In the given transaction, goods have been purchased from Ram and therefore, the correct entry to be passed is debit the Purchases Account and Credit the Creditor's (Ram's) Account. However, instead of passing entry in the purchases account, entry is been passed in the Journal. We can assume that the Creditor's effect is correctly given and therefore, rectification is required only with respect to Purchases Account and not the creditors account.
Answered by Surabhi Gawade | 15 Feb, 2019, 02:32: PM
CBSE 11-commerce - Accountancy
Asked by pradyumnaagrawal2957 | 10 Jun, 2021, 10:59: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by kumarimanisha.9767 | 21 Jul, 2020, 10:32: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by tussharpoddar7 | 08 Jul, 2020, 11:30: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by lovermahakal942004 | 08 Jul, 2020, 01:51: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by tyagiji2511 | 24 Jun, 2020, 10:45: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by pdas93679 | 23 Jun, 2020, 08:22: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by agrawalgaurav441 | 12 Jun, 2020, 01:55: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by boparaijaideep23 | 05 Jun, 2020, 11:07: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by Lashmibasra | 18 May, 2020, 04:10: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by himanshu2002tejas | 16 Apr, 2020, 11:16: PM
ANSWERED BY EXPERT