Question

Goods withdrawn not recorded in the books ` 3,000.rectification entry​

Answer 1

Goods returned to Priya ₹ 12,000 were not recorded. ... Give Journal Entries to rectify the following errors:- 1. ... (e) Sale of old machinery at book value of ₹ 3,000 was credited to Sales Account.

Answer 2

Answer: when good are withdrawn by the peoperitor good are going out the business purchase account has credited the general entry for this

Drawing A/c Dr 3000

To purchase A/c 3000

Here instead of purchase account sales account has been credited whereas drawing account has been rightly debited so to cancel this entry and rectify it sales account to cancel to entry and purchase account will be credited fro the original entry since drawing account is rightly debited no change will be made regarding drawing account the rectified general entry thus became

Sales A/c. 3000

To purchase A / c 3000

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