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Rectify the following entry : Purchase …

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Rectify the following entry : Purchase return to Sahu ₹2000 were not posted.

    • Posted by Muskan Jakhar 2 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Preeti Dabral 2 years, 6 months ago

    Books of (---- Limited)

                                 Journal Entry

    Date       Account Title and Explanation       Debit      Credit

                        Sahu             a/c Dr                      2,000

                             To Purchase return     a/c                        2,000

                         (Being Rectify entry of purchase return from Sahu)

    Explanation: Error of omission, Purchase return account will be credit, because it is an error of omission.

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