Question

Sale of goods to Krishna for 423 was recorded as purchase from kishan for 432

Answer 1

Answer:

krishna a/C Dr 855

To sales a/C 423

To purchase a/C 432

[rectify the wrong entry

by correct debit and credit]

Explanation:

wrong entry:

purchase a/c Dr 432

To krishna a/c 432

correct entry :

krishna a/c Dr 423

To sales a/c 423

rectified entry :

krishna a/c Dr 855

To sales a/c 423

To purchase a/c 432