Question

Purchase return of Rs. 1000 was posted to the debit of purchases account (entires for rectification)

Answer 1

Answer:

Rectify the wrong entry by crediting Rs.1000 on purchase A/C

And upload correct entry by crediting Rs.1000 on purchase return A/C

Explanation:

Answer 2

Answer:

This error will give the double affect as instead of credit of Rs.1000 for purchase return, a debit of Rs.1000 is posted to sales return a/c.

Due to this, debit of trial balance will be Rs.2000 more than the credit side.