Credit sale to Ram Rs.1,000 were recorded as Rs.1,200 in sales book. In rectifying entry Ram A/c will be-----
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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
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ram ac debit to sales a/c
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