Mr. A has purchased some goods on credit from Ram. Which of the following is correct ?

Ram`s account is debited

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A`s account is debited

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Purchase account is credited

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Ram`s account is credited

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Solution

The correct option is D Ram`s account is credited
Since the goods have been purchased on credit from Mr. Ram, he becomes a creditor & thus Ram`s account is credited.

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Similar questions

Q. Rectify the following errors assuming:-
that such a suspense account has been opened.
1. Goods costing ₹ 800 purchased from Sachin on credit were omitted to be credited to his account.
2. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 80.
3. Goods costing ₹ 800 purchased from Sachin on credit were credited to his account as ₹ 880.
4. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account.
5. Goods costing ₹ 800 purchased from Sachin on credit were posted to the debit of his account as ₹ 80.

Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7000 were recorded in purchase book. However, Mohan's account was correctly debited.

(b) Credit purchase from Rohan Rs. 9000 were recorded in the sales book. However, Rohan's account was correctly credited.

(c) Goods returned to Rakesh Rs. 4000 were recorded in sales return book. However, Rakesh's account was correctly debited.

(d) Goods returned from Mahesh Rs. 1000 were recorded through purchase return book. However, Mahesh's account was correctly credited.

(e) Goods returned to Naresh Rs. 2000 were recorded through purchase book. However, Naresh's account was correctly debited.

Q. Rectify the following errors assuming that Suspense Account was opened. Ascertain the difference in Trial Balance.
(a) Credit sales to Mohan ₹ 7,000 were recorded in Purchase Book. However, Mohan's Account was correctly debited.
(b) Credit purchases from Rohan ₹ 9,000 were recorded in Sales Book. However, Rohan's Account was correctly credited.
(c) Goods returned to Rakesh ₹ 4,000 were recorded in Sale Returns Book. However, Rakesh's Account was correctly debited.
(d) Goods returned from Mahesh ₹ 1,000 were recorded through Purchase Returns Book. However, Mahesh's Account was correctly credited.
(e) Goods returned to Naresh ₹ 2,000 were recorded through Purchases Book. However, Naresh's Account was correctly debited.

Rectify the following errors-

1) Purchase of stationery Rs 450 was debited to commission account.
2) Rs 7,000 received from Sunit has been wrongly posted to Sunil’s account.
3) Goods Rs 2,000 returned by Praveen were not recorded in the books.
4) Credit side of Sandeep account has been overcast by Rs 200.
5) Freight paid for purchase of furniture Rs 325 is debited to freight account.
6) Goods sold worth Rs 8,000 to Sadanand was posted to Vijayanand’s account

Rectify the following errors:

(a)	Furniture purchased for Rs 10,000 wrongly debited to purchases account.
(b)	Machinery purchased on credit from Raman for Rs 20,000 was recorded through purchases book.
(c)	Repairs on machinery Rs 1,400 debited to machinery account.
(d)	Repairs on overhauling of secondhand machinery purchased Rs 2,000 was debited to Repairs account.
(e)	Sale of old machinery at book value of Rs 3,000 was credited to sales account.

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Mr. A has purchased some goods on credit from Ram. Which of the following is correct ?

The correct option is D Ram`s account is creditedSince the goods have been purchased on credit from Mr. Ram, he becomes a creditor & thus Ram`s account is credited.

The correct option is D Ram`s account is credited
Since the goods have been purchased on credit from Mr. Ram, he becomes a creditor & thus Ram`s account is credited.