Question

Payments of ₹ 450 to Manish and ₹ 550 to Sunil was

made but Manish was debited with ₹ 550 and Sunil

with ₹ 450. rectify the error.​

Answer 1

Explanation:

They would have some money so debited money needed

Answer 2

Answer:

Rectified entry

Sunil Dr. 100

To Manish 100

Explanation:

Right entry (what should have been)

Manish Dr. 450

Sunil Dr. 550

To cash 1000

Wrong entry (what we have done)

Manish Dr. 550

Sunil Dr. 450

To Cash 1000