Opening balance rectify of sundry creditor

A/c entries 250 views 1 replies

respected sir/madam

                            i purchased good from mr ram of rs 10000 on previous financial year but i forget entry of bill and i make payment of this purchase on current 

Replies (1)

you can pass rectification entry

profit and loss a/c dr.     xxx                     (As per AS5 this amount is to be shown as prior period item)

        To creditors a/c                    xxx

 


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