Question
A loan of Rs 100000 was taken from a friend Ram, but instead it was recorded as Rs 10,000 in the books. To rectify this mistake which of the following is correct?
Answer: Option D
:
D
To rectify this error bank account shall be debited & Ram`s account shall be credited by Rs 90000.
Was this answer helpful ?
:
D
To rectify this error bank account shall be debited & Ram`s account shall be credited by Rs 90000.
Was this answer helpful ?
More Questions on This Topic :
Question 4. Error of Principle arises when?....
Submit Solution