goods purchases of Rs.1200 was recorded in the sales book
and the Vendor's account was credited by Rs. 1200
Answer Posted / 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 |
Post New Answer View All Answers
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
What is the difference between deferred revenue and accrued revenue?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
Do you know compound journal entry?
What are the advantages of double entry system?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
what is groups and and ledgers in tally can you give why we need to prepare them
What is BRS Adjustment entry?
Describe me accounting rules
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
Explain things that fall under intangible asset?
What is tally and its features?
what is difference between budgeting and Forecasting