Q.Rectify the following.

A) Bill for Rs.820 received from Rameshfor repair of machinery was entered in the Purchases Book as Rs.720.

How do you rectify this one?what was the wrong entry,what is the correct entry and what should the rectified entry be?

B/RA/c DR.
    to Purchases A/c
  • -19
B/r a/c Dr To purchase/ac
  • -13
Repair a/c 820 To purchase a/c 720 To ramesh a/ c 100
  • -6
Fifif
  • -10
Repairs a/c To purchases a/c
  • -6
Plz give the answer.......what would be wrong entry of this transaction......
  • 1
Bill for 820 received from Ramesh for repairs to machinery was entered in the purchase book as 720
  • -2
Repair ac dr. 820 To purchase ac. 720 To suspense ac. 100
  • 5
Correct: repairs a/c 820 to machinery 820 Wrong:purchases a/c820 To ramesh a/c 820 Repairs 820 To purchases 720 To ramesh 100 I am not sure about this answer
  • 0
Repairs a/C dr. To purchase a/C To Ramesh a/c
  • -4
answer?

  • 0
Bills receivable ac Dr. 820 To ramesh ac 100 To purchases ac 720
  • -1
What are you looking for?