Question

2000 worth of furniture purchased on credit was debited to purchases account rectify the answer

Answer 1

Answer:

Rectify the following errors: (a) Furniture purchased for ₹ 10,000 wrongly debited to Purchases Account. (b) Machinery purchased on credit .

Answer 2

Answer :

Rectified Entry :

Furniture a/c Dr

To Purchases a/c

( Correction of wrong debit to purchases a/c for furniture purchased )