Question

Purchased goods from Gopal for Rs.3,600 but was recorded in Gopal's A/c as Rs.6.300, in the rectifying entry, Gopal's A/c will be debited with ___________.

• A. Rs. 9,900
• B. Rs. 2,700
• C. Rs. 2,600
• D. Rs. 6,300

Answer 1

Answer: (B)

Rs. 2,700

As Gopal is credited with 6300 instead of 3600. To rectify this error, Gopal account should be debited with the difference i.e., 2700 (6300-3600).

Correct Entry
Purchases a/c Dr. 3600

To Gopal a/c 3600
Incorrect Entry
To Gopal a/c (wrong posting in ledger) 6300

Rectifying Entry
Gopal a/c Dr. 2700