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

Answers were Sorted based on User's Feedback



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

Answer / 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

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

Answer / 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

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

Answer / subha

purchases a/c dr 1200
sales a/c dr 1200
to suspence ac 2400

Is This Answer Correct ?    5 Yes 5 No

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

Answer / 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

Is This Answer Correct ?    1 Yes 3 No

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

Answer / deepak singh

purchase a/c 1200
vender a/c cr. 1200 (it wrong do entry)
.......................................
now right is

vender a/c dr. 2400
to purchase a/c cr. 2400
(if entry was wrong then doing write entry (1200+1200)
.........
thanks..

Is This Answer Correct ?    1 Yes 10 No

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