Make Rectification JEs for following:
It's 574 paid for repairs to motor car was debited to the motor-car account as Rs 574
The purchase of machinery on 1st January, 1990 for Its 6,000 was entered in the Purchases Account.
Menu
Rectification Entries.
Replies (1)
1) 1st entry will be
Repairs A/c Dr 574
Motor-Car A/c Cr 574
(Being paid for Repairs wrongly debited to motor car is corrected )
2) 2nd entry will be
Machinery A/c dr 6000
To purchase 6000
(Being purchase of machine wrongly debited to purchase now corrected )
Recent Topics :
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
- AIS VS GST Mismatch- FY 2025-26
Related Topics :
CAclubindia
