Question

cash sales of rs 5000 posted wrongly to sales a/c as rs .500 rectify errors​

Answer 1

Answer:

Self-correcting errors/Corrected through subsidiary entries

Explanation:

Your sales is understated thus your income is also understated it will be rectified at the of the year if not it will be counterbalance next year. During bank reconciliation this error will be determined thus it will aslo the rectified this time.