Goods purchased form creditors have been received but omitted to be recorded in accounts. In such a case, which of the following adjustment entry should be passed?
Purchases A/c Dr.
To Creditors A/c
Creditors A/c Dr.
To Purchases A/c
Trading A/c Dr.
To Creditors A/c
Trading A/c Dr.
To Purchases A/c

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Solution

The correct option is A A
Goods purchased from creditors is omitted to be recorded in the books of account. Its an error of complete omission. Following entry need to be passed in the books of account to record the transaction:

Purchase A/c Dr.
To Creditors A/c

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Similar questions

On scrutiny of the books of account, accountant found that, purchase return of Rs 1000 was omitted to be entered in the books of a/c. What shall be the rectifying entry for the same error.

In case a company does not have sufficient funds for the purchase of fixed assets or for payment to creditors it may offer and allot its shares to vendor/ creditors in lieu of cash. In such a case, which account is debited ?

Q. Rs

3, 50, 000

cash paid to creditors for settlements of credit purchases will be recorded in _______________.

Find out the credit purchase from the following:

$\begin{matrix} Items & Amt. (Rs.) Balance of creditors April 1, 2004 & 45, 000 Balance of creditors March 31, 2005 & 36, 000 Cash paid to creditors & 1, 80, 000 Cheque issued to crediotors & 60, 000 Cash purchases & 75, 000 Discount received from creditors & 5, 400 Discount allowed & 5, 000 Bills payable given to creditors & 12, 750 Return outwards & 7, 500 Bills payable dishonoured & 3, 000 Bills receivable endorsed to creditors & 4, 500 Bills receivable endorsed to creditors dishonoured & 1, 800 Return inwards & 3, 700 \end{matrix}$

Find out the credit purchases from the following:

	Rs
Balance of creditors April 01, 2016	45,000
Balance of creditors March 31, 2017	36,000
Cash paid to creditors	1,80,000
Cheque issued to creditors	60,000
Cash purchases	75,000
Discount received from creditors	5,400
Discount allowed	5,000
Bills payable given to creditors	12,750
Return outwards	7,500
Bills payable dishonoured	3,000
Bills receivable endorsed to creditors	4,500
Bills receivable endorsed to creditors dishonoured	1,800
Return inwards	3,700

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Goods purchased form creditors have been received but omitted to be recorded in accounts. In such a case, which of the following adjustment entry should be passed?Purchases A/c Dr.To Creditors A/cCreditors A/c Dr.To Purchases A/cTrading A/c Dr.To Creditors A/cTrading A/c Dr.To Purchases A/c

The correct option is A AGoods purchased from creditors is omitted to be recorded in the books of account. Its an error of complete omission. Following entry need to be passed in the books of account to record the transaction:Purchase A/c Dr. To Creditors A/c

Goods purchased form creditors have been received but omitted to be recorded in accounts. In such a case, which of the following adjustment entry should be passed?
Purchases A/c Dr.
To Creditors A/c
Creditors A/c Dr.
To Purchases A/c
Trading A/c Dr.
To Creditors A/c
Trading A/c Dr.
To Purchases A/c

The correct option is A A
Goods purchased from creditors is omitted to be recorded in the books of account. Its an error of complete omission. Following entry need to be passed in the books of account to record the transaction:

Purchase A/c Dr.
To Creditors A/c