Question

goods purchased from sitaram for 5200rs on credit has been correctly enterd in the purchase book but it has been debited to his account as 520 rs​

Answer 1

Answer:

When the trial balance tallies it provides us only with the proof of the arithmetical accuracy of the ledger accounts. However, there may still be some errors present. Some errors affect the trial balance while some do not. When the trial balance does not tally, it is a clear indication of the presence of errors. We need to identify and locate these errors. Thus, after locating them Rectification of Errors is also necessary.