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18,000 paid for purchase of old Motorcycle for personal use of Mr. Sarvesh Kumar was debited to conveyance account rectification entry with suspense account and narration?
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18,000 paid for purchase of old Motorcycle for personal use of Mr. Sar...



Rectification of Entry:
  1. Error: The amount of 18,000 paid for the purchase of an old motorcycle for personal use of Mr. Sarvesh Kumar was incorrectly debited to the conveyance account.
  2. Rectification Entry: Debit Conveyance Account and Credit Suspense Account with 18,000.
  3. Narration: To rectify the error of debiting the conveyance account incorrectly, the amount of 18,000 has been transferred to the suspense account.


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18,000 paid for purchase of old Motorcycle for personal use of Mr. Sar...
Drawing alc
to conveyance alc
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18,000 paid for purchase of old Motorcycle for personal use of Mr. Sarvesh Kumar was debited to conveyance account rectification entry with suspense account and narration?
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18,000 paid for purchase of old Motorcycle for personal use of Mr. Sarvesh Kumar was debited to conveyance account rectification entry with suspense account and narration? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 18,000 paid for purchase of old Motorcycle for personal use of Mr. Sarvesh Kumar was debited to conveyance account rectification entry with suspense account and narration? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 18,000 paid for purchase of old Motorcycle for personal use of Mr. Sarvesh Kumar was debited to conveyance account rectification entry with suspense account and narration?.
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