A credit purchases of ?1000 from Ram Ac has been credited to Rakesh Ac
Journal entry
Solution :
Right entry - Purchases A/c.......Dr
To Ram's A/c
Wrong entry - Purchases A/c......Dr
To Rakesh's A/c
Rectify entry - Rakesh's A/c.......Dr
To Ram's A/c
Right entry - Purchases A/c.......Dr
To Ram's A/c
Wrong entry - Purchases A/c......Dr
To Rakesh's A/c
Rectify entry - Rakesh's A/c.......Dr
To Ram's A/c