Question

Give the rectification Journal Entries for the following transactions.

a) A cheque of Rs 5500 received from Nidhi was dishonoured and had been posted to the debit.

b) Purchased machinery for Rs 125000 was passed through invoice book.

c) Return of Goods worth Rs 2350 by Abhinav were taken into stock but no entry was passed full solution​

Answer 1

Answer:

1)bank a/c. Dr. 11000

to suspense a/c. 11000

2)machinerya/c Dr. 125000

to purchase a/c. 125000

3)sales return a/c Dr. 2350

to abhinav a/c. 2350