A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?
A. Purchases account
B. Athiyaman account
C. Furniture account
D. None of these
Answer:C
A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?
A. Purchases account B. Athiyaman account C. Furniture account D. None of these