Question

1) furniture purchased on credit from rahul rs 10,000 recorded through the purchase book as rs 3,000
2) wages paid for the installation of machinery rs 5,000 debited to wages a/c as rs 500
3) discount received from a creditor on payment of cash to him was not posted to discount a/c rs 200
4) bills receivable rs 4,000 received from a debtor posted as rs 3,000 5) return outward book overcast by rs 2,000 6) credit sales to mayank rs 7,000 was recorded in purchase book. mayank's account however correctly debited
pass the rectification entries and prepare suspense a/c

Answer 1

Answer:

1:7000

2:4500

4:11000