Request a call back

Join NOW to get access to exclusive study material for best results

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
answered-by-expert 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 ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by kumarimanisha.9767 | 21 Jul, 2020, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
BRS
question image
Asked by tussharpoddar7 | 08 Jul, 2020, 11:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
plz
question image
Asked by lovermahakal942004 | 08 Jul, 2020, 01:51: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by agrawalgaurav441 | 12 Jun, 2020, 01:55: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by boparaijaideep23 | 05 Jun, 2020, 11:07: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by Lashmibasra | 18 May, 2020, 04:10: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy
Asked by himanshu2002tejas | 16 Apr, 2020, 11:16: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×