Rectification Entries.
Ravi Dasar (7 Points)
08 July 2018It'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.
Ravi Dasar (7 Points)
08 July 2018
prasad Nilugal
( GST Practitioner & Accounts )
(14112 Points)
Replied 08 July 2018
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 )