Question

a credit purchase of Rs 2800 was passed through sales day book . rectification

Answer 1

Answer:

Correct entry: purchase a/c debited by rs. 2800

Wrong entry: sales a/c credited by rs. 2800

Rectified entrt:

Purchase a/c dr. 2800

Sales a/c dr. 2800

To suspense a/c 5600

Answer 2

Credit purchase is done and it is wrongly passed through sales book.

Correct entry will be for credit purchase -

Purchase A/C DR 2,800

             To Creditor A/C 2,800

( Being purchase done on credit )

Wrong entry passed -

Creditor A/C DR 2,800

            To Sales A/C 2,800

( Being purchase done )

As this entry is of sales done on credit not of purchase done on credit.

Rectification entry will be -

Purchase A/C DR 2,800

Sales A/C DR 2,800

                     To Suspense A/C 5,600

( Being entry rectified )