Hans Raj Traders paid Rs 25000 to Peepal Traders (a supplier of goods). This transaction is recorded for Rs 2500 instead of Rs 25000. Which of the following accounts shall be debited?
Hans Raj Trader`s account
Peepal Trader`s account
Rectifying Entry shall be: Peepal Trader`s A/c Dr Rs 22,500 To Cash A/c Rs 22,500
Salary paid to Ram Rs 10,000 for the month of August was recorded to his personal account. To rectify this,___ Account shall be debited & ___ Account shall be credited by Rs 10,000.
Goods purchased from Ravi on credit for Rs 450 has been recorded as for Rs 540. To rectify the same, which account shall be debited by Rs 90 ?
Credit purchase from ABC Ltd was recorded as Rs 1200 instead of Rs 2100. Which account shall be debited to rectify this mistake?
Goods worth Rs 1550 were purchased from Mayuri. It was recorded as Rs 1500 by mistake. Which account shall be debited & by what amount to rectify this mistake?