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Journal entry for rectification of error

This query is : Resolved 
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(Querist)
09 March 2015 " In the current year(2014-15) we found that credit purchase of 2012-13 is overvalued by rs. 10800 and payment for the same was made.

The ledger of the party was closed during 2013-14.

now we have received back Rs. 10800 from the same party through the cheque."

The problem is that , how we can pass journal entry for rectification of error ??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 March 2015 Sundry creditors(party ac) dr
To purchase ac
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rashid ali

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rashid ali (Querist)
10 March 2015 Thanks Mr. Seetharaman .
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rashid ali

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rashid ali (Querist)
10 March 2015 The error is last year, can we rectify it for reducing current years purchase ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 March 2015 If the amount is material you can account it under prior period transactions.
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rashid ali

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rashid ali (Querist)
11 March 2015 Thanks for guidance, this is very helpful for me.
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