Question

Rectify the following journal entries assuming that the narration is correct.
Jan.5:Purchased goods for cash Rs.10000 and spent Rs.2000 for its carriage.
Jan.10:Piad Rs.20000 for cement, Rs.10000 for timber and Rs.5000 as wages for the construction of building.
Jan.17:Purchased an old machinery for Rs. 20000 and spent Rs. 2500 on its immediate repairs.
Jan.20:Half of the goods purchased an Jan. 5 was sold at 50% profit.

Answer 1

purchase account debit 10000
carriage account debit 2000 to cash account 12000