9) On 15th August,2019, Mango Traders purchased goods from Jk mart of RO 1,650 on credit is incorrectly posted in both debit and credit side of the books of account. What would be the rectified entry that you suggest to correct this error from the following? a. Purchase RO 3,300 Dr / Cash RO 3,300 Cr b. Purchase RO 1,650 Dr / Cash RO 1,650 Cr c. Purchase RO 1,650 Dr / Account payable RO 1,650 Cr d. Purchase RO 3,300 Dr / Account payable RO 3,300 Cr Clear my choice
9) On 15th August,2019, Mango Traders purchased goods from Jk mart of RO 1,650 on credit is incorrectly posted in both debit and credit side of the books of account. What would be the rectified entry that you suggest to correct this error from the following? a. Purchase RO 3,300 Dr / Cash RO 3,300 Cr b. Purchase RO 1,650 Dr / Cash RO 1,650 Cr c. Purchase RO 1,650 Dr / Account payable RO 1,650 Cr d. Purchase RO 3,300 Dr / Account payable RO 3,300 Cr Clear my choice
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 1M
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Question
9)
On 15th August,2019, Mango Traders purchased goods from Jk mart of RO 1,650 on credit is incorrectly posted in both debit and credit side of the books of account. What would be the rectified entry that you suggest to correct this error from the following?
a.
Purchase RO 3,300 Dr / Cash RO 3,300 Cr
b.
Purchase RO 1,650 Dr / Cash RO 1,650 Cr
c.
Purchase RO 1,650 Dr / Account payable RO 1,650 Cr
d.
Purchase RO 3,300 Dr / Account payable RO 3,300 Cr
Clear my choice
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