Credit purchase from ABC Ltd was recorded as Rs 1200 instead of Rs 2100. Which account shall be debited to rectify this mistake?

Suspense Account

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ABC`s Account

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Purchases Account

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Sales account

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Solution

The correct option is C
Purchases Account

Since purchase account is short debited, it shall be debited again to rectify this mistake.

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Credit purchase from ABC Ltd was recorded as Rs 1200 instead of Rs 2100. Which account shall be debited to rectify this mistake?

The correct option is C Purchases Account Since purchase account is short debited, it shall be debited again to rectify this mistake.

The correct option is C
Purchases Account

Since purchase account is short debited, it shall be debited again to rectify this mistake.