Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Trial Balance and Rectification of Errors

Question:

What will be the correct entry for the rectification of error ' Furniture sold to Anil on credit for ₹10,000 was passed through the sales book'?

Options:

Anil Dr. ₹10,000 To Sales ₹10,000

Anil Dr. ₹10,000 To Furniture ₹10,000

Sales Dr. ₹10,000 To Furniture ₹10,000

Anil Dr. ₹10,000 To Cash ₹10,000

Correct Answer:

Sales Dr. ₹10,000 To Furniture ₹10,000

Explanation:

The correct answer is option 3- Sales Dr. ₹10,000 To Furniture ₹10,000.

Wrong entry is passed-
Anil Dr. ₹10,000
     To Sales ₹10,000.

It should be-
Anil Dr. ₹10,000
    To Furniture ₹10,000

So, correct entry for rectification is-

Sales Dr. ₹10,000
     To Furniture ₹10,000