Question

(1) Paid Insurance 550 posted twice to Insurance account.
(2) Goods sold to Narayan for 2,200 was entered in the Purchase Book.
Rectify this.
And also explain how you did it.​

Answer 1

Answer:

1. Suspense account. dr 550

To insurance account. 550

2.Narayan. account. dr 4400

To sales account. 2200

To purchase account. 2200