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'?
Answer & explanation
Correct answer: option 3
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