Question

Cash purchases not posted to ledger Rs 5000. what is the rectification entry?

Answer 1

Answer:

purchase a/c .....Dr. 5000

to cash a/c. 5000

Answer 2

Rectification entry

Explanation:

                       Books of (---- Limited)

                             Journal Entry

Date       Account Title and Explanation       Debit      Credit

                   Purchase             a/c Dr                5,000

                         To Cash     a/c                               5,000

                     (Being Rectify entry of purchase on cash)

Explanation: Error of omission, Purchase account will be debit because it is an error of omission.

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