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Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with :
- a)9,900
- b)2,700
- c)3,600
- d)6,300
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 ...
As Gopal is credited with 6300 instead of 3600. To rectify this error, Gopal account should be debited with the difference i.e., 9,900 (6300 + 3600).
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Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 ...
Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with:
To rectify the error made in recording the purchase of goods, a rectifying entry needs to be made. In this case, since the purchase was recorded at a higher amount than the actual cost, we need to reduce the recorded amount in Gopal's account. To do this, Gopal's account needs to be credited.
The correct answer is option 'A' - Rs.9,900.
To understand why the amount credited to Gopal's account is Rs.9,900, let's break down the calculation:
1. The actual purchase amount was Rs.3,600.
2. The recorded amount was Rs.6,300, which means an excess of Rs.2,700 was recorded.
3. To rectify the error, we need to reduce the recorded amount by Rs.2,700.
4. However, since Gopal's account was initially debited for the excess amount, we need to credit it to rectify the error.
5. Therefore, the rectifying entry will credit Gopal's account with Rs.2,700.
6. However, the question asks for the total amount to be credited to Gopal's account, not just the rectifying entry.
7. To find the total amount, we add the rectifying entry amount (Rs.2,700) to the excess amount recorded (Rs.6,300).
8. Therefore, the total amount credited to Gopal's account is Rs.9,900 (Rs.2,700 + Rs.6,300).
In conclusion, the rectifying entry will credit Gopal's account with Rs.2,700, but the total amount credited to Gopal's account will be Rs.9,900.
To rectify the error made in recording the purchase of goods, a rectifying entry needs to be made. In this case, since the purchase was recorded at a higher amount than the actual cost, we need to reduce the recorded amount in Gopal's account. To do this, Gopal's account needs to be credited.
The correct answer is option 'A' - Rs.9,900.
To understand why the amount credited to Gopal's account is Rs.9,900, let's break down the calculation:
1. The actual purchase amount was Rs.3,600.
2. The recorded amount was Rs.6,300, which means an excess of Rs.2,700 was recorded.
3. To rectify the error, we need to reduce the recorded amount by Rs.2,700.
4. However, since Gopal's account was initially debited for the excess amount, we need to credit it to rectify the error.
5. Therefore, the rectifying entry will credit Gopal's account with Rs.2,700.
6. However, the question asks for the total amount to be credited to Gopal's account, not just the rectifying entry.
7. To find the total amount, we add the rectifying entry amount (Rs.2,700) to the excess amount recorded (Rs.6,300).
8. Therefore, the total amount credited to Gopal's account is Rs.9,900 (Rs.2,700 + Rs.6,300).
In conclusion, the rectifying entry will credit Gopal's account with Rs.2,700, but the total amount credited to Gopal's account will be Rs.9,900.
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Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with :a)9,900b)2,700c)3,600d)6,300Correct answer is option 'A'. Can you explain this answer?
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Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with :a)9,900b)2,700c)3,600d)6,300Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with :a)9,900b)2,700c)3,600d)6,300Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased goods from Gopal for Rs.3,600 but was recorded as Rs.6,300 to the debit of Gopal. In the rectifying entry, Gopal’s A/c will be credited with :a)9,900b)2,700c)3,600d)6,300Correct answer is option 'A'. Can you explain this answer?.
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