Question
Sohan’s A/c is debited by Rs 2500 while it was to be debited by Rs 3500 and Mohan’s A/c is debited by Rs 3500 while the same was to be debited by Rs 2500. For this error, which of the following can be a rectifying entry?
Answer: Option A
:
A
The rectifying entry shall be Sohan`s account debit & Mohan`s account credit by Rs 1000.
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:
A
The rectifying entry shall be Sohan`s account debit & Mohan`s account credit by Rs 1000.
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