Question

(iv) An item of 2,000 in respect of purchase returns, had been wrongly entered
in the purchase book. give rectified entry​

Answer 1

Explanation:

ANSWER

This error will give the double affect as instead of credit of Rs.1000 for purchase return, a debit of Rs.1000 is posted to sales return a/c.

Due to this, debit of trial balance will be Rs.2000 more than the credit side.