Question

A credit sale of 200 to ramesh though properly entered in the sales book has been credited to his account.​

Answer 1

Answer:

This error will have double affect on trial balance as instead of credit to sales account, a debit is posted in purchase account. To rectify the error, following rectification entry need to be passed in books of account:

Santhanam A/c Dr. 2000

To Sales A/c 1000

To Purchase A/c 1000