Question

Classify the following error purchased from Seetha Rs.14,000 was posted to Reeta Rs.14,000

Answer 1

WRONG ENTRY:-

Purchase a/c. Dr. 14,000

To Reeta's a/c. 14,000

INVERSE OF WRONG ENTRY:-

Reeta's a/c. Dr. 14,000

To purchase a/c. 14,000

CORRECT ENTRY:-

Purchase a/c. Dr. 14,000

To Seetha's a/c. 14,000

RECTIFICATION ENTRY:-

Reeta's a/c. Dr. 14,000

To Seetha's a/c. 14,000.

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