Question
Goods worth Rs 1550 were purchased from Mayuri. It was recorded as Rs 1500 by mistake. Which account shall be debited & by what amount to rectify this mistake?
Answer: Option B
:
B
Purchase has a debit balance which is recorded less by Rs 50, hence purchase account shall be debited.
Was this answer helpful ?
:
B
Purchase has a debit balance which is recorded less by Rs 50, hence purchase account shall be debited.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution