1.

Furniture purchased for Rs. 10,000 from Nirmal has been recorded as follows:Nirmal A/c Dr 10,000FurnitureA/c 10,000If it is incorrect, rectify it by passing rectification entry.

Answer»
  • The journal entry is incorrect.
  • Rectification entry is – FurnitureA/c Dr 20,000
  • Nirmal A/c 20,000


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