CA Foundation Exam > CA Foundation Questions > Credit sale of Rs. 10,000 made to Sallu was p...
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Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :
- a)Sallu A/c Dr. 10,000To Sales A/c 10,000
- b)Sallu A/c Dr. 20,000To Purchases A/c 20,000
- c)Sallu A/c Dr. 20,000To Sales A/c 10,000To Purchases A/c 10,000
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Credit sale of Rs. 10,000 made to Sallu was passed through purchase bo...
Rectification Entry for Credit Sale Passed through Purchase Book
The rectification entry for the credit sale of Rs. 10,000 made to Sallu passed through the Purchase Book is as follows:
Sallu A/c Dr. 20,000
To Sales A/c 10,000
To Purchases A/c 10,000
Explanation:
The credit sale of Rs. 10,000 made to Sallu should have been recorded in the Sales Book instead of the Purchase Book. However, it was wrongly entered in the Purchase Book. To rectify this error, the following entry needs to be passed:
● Sallu A/c Dr. – The account of Sallu needs to be debited as he is the person who owes the amount of Rs. 10,000 to the company.
● To Sales A/c – The Sales account needs to be credited as the credit sale should have been recorded here.
● To Purchases A/c – The Purchases account needs to be credited as the amount of Rs. 10,000 was wrongly entered in this account.
Hence, the correct rectification entry is option C – Sallu A/c Dr. 20,000, To Sales A/c 10,000, To Purchases A/c 10,000.
The rectification entry for the credit sale of Rs. 10,000 made to Sallu passed through the Purchase Book is as follows:
Sallu A/c Dr. 20,000
To Sales A/c 10,000
To Purchases A/c 10,000
Explanation:
The credit sale of Rs. 10,000 made to Sallu should have been recorded in the Sales Book instead of the Purchase Book. However, it was wrongly entered in the Purchase Book. To rectify this error, the following entry needs to be passed:
● Sallu A/c Dr. – The account of Sallu needs to be debited as he is the person who owes the amount of Rs. 10,000 to the company.
● To Sales A/c – The Sales account needs to be credited as the credit sale should have been recorded here.
● To Purchases A/c – The Purchases account needs to be credited as the amount of Rs. 10,000 was wrongly entered in this account.
Hence, the correct rectification entry is option C – Sallu A/c Dr. 20,000, To Sales A/c 10,000, To Purchases A/c 10,000.
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Community Answer
Credit sale of Rs. 10,000 made to Sallu was passed through purchase bo...
Correct entry to be passed will be
Sallu A/c. Dr. 10,000
To Sales A/c. 10,000
entry passed is
Purchase A/c. Dr. 10,000
To Sallu A/c. 10,000
So, rectified entry will be passed as
Sallu A/c. Dr. 20,000
To Sales A/c. 10,000
To Purchase A/c. 10,000
This is because Sallu was to be debited and we credited so to correct it will will be taken twice of the amount in Sallu's A/c.
Sallu A/c. Dr. 10,000
To Sales A/c. 10,000
entry passed is
Purchase A/c. Dr. 10,000
To Sallu A/c. 10,000
So, rectified entry will be passed as
Sallu A/c. Dr. 20,000
To Sales A/c. 10,000
To Purchase A/c. 10,000
This is because Sallu was to be debited and we credited so to correct it will will be taken twice of the amount in Sallu's A/c.
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Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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ample number of questions to practice Credit sale of Rs. 10,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :a)Sallu A/c Dr. 10,000 To Sales A/c 10,000b)Sallu A/c Dr. 20,000 To Purchases A/c 20,000c)Sallu A/c Dr. 20,000 To Sales A/c 10,000 To Purchases A/c 10,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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