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Rectification Entries.

331 views 1 replies
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.
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 ) 


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