Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Trial Balance and Rectification of Errors

Question:

Rectify the error 'Cash sale to Anil of ₹10,000 posted as ₹1,000'.

Options:

Sales account will be credited by ₹10,000

Sales account will be credited by ₹9,000

Sales account will be debited by ₹10,000

Sales account will be debited by ₹9,000

Correct Answer:

Sales account will be credited by ₹9,000

Explanation:

The correct answer is option 2- Sales account will be credited by ₹9,000.

Cash sale is recorded in the cash book with the correct amount but posting is short by ₹9,000. As the sales is against cash so sales will be credited by ₹9,000.