Question

Purchased goods from ajay rs 3500 were recorded 35000 in purchase book.

Answer 1

Please write full ques as statement is incomplete and insufficient for answer

Answer 2

Correct Entry:

Purchases A/C  Dr   Rs.3,500

     To Ajay A/C   Rs.3,500

(being goods purchased from Ajay)

Wrong Entry :

Purchases A/C Rs.35,000

     To Ajay A/C 3,500

Rectification Entry :

Credit Purchases A/C with Rs.31,500