Start learning →

Credit purchase of furniture, Rs 8,000, went into purchases. Rectify.

ADebit Rao, credit Purchases
BDebit Purchases, credit Furniture
CDebit Furniture, credit Purchases
DDebit Furniture, credit Rao
Answer & Solution
Correct answer: C. Debit Furniture, credit Purchases
Purchases was wrongly debited while Rao was rightly credited, so Furniture is debited and Purchases credited.
Practise this question with Quill — CA Foundation →

Keep practising Trial Balance and Rectification of Errors

Browse all Trial Balance and Rectification of Errors questions for CA Foundation, or explore more Accounting topics.

Start a Trial Balance and Rectification of Errors lesson →
Related questions