goods purchases of Rs.1200 was recorded in the sales book
and the Vendor's account was credited by Rs. 1200
Answer Posted / 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 |
Post New Answer View All Answers
How to prepare in yearly turnover?
What is band and why the company needs this?
journal entry for goodwill and capital bought by a new partner?
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
what is use of cost center category in tally ? why & when use this ? what is benfit ?
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
if my salary is 12000 per month how much i will get after deducting PF an ESI
what is the basic difference between pooling of interest method and purchase method in amalgamation
What software applications have your used for accounts receivable?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
In accounting, how do you define the premises?
What is the objective of the balance sheet?
What is an accounting loss?
What are assets minus liabilities?
What is the master account?