An error involving excess credit in an account is rectified by corresponding ___ By the amount that is in excess.
Debit
Credit
Suspense Account
None of the above
The rectification process essentially involves cancelling the effect of wrong credit by reversing it through debit.
An error involving excess debit in account is rectified by corresponding ___ By the amount that is in excess.
[dummy - to be removed] An error involving excess debit in account is rectified by corresponding ___ By the amount that is in excess.
An error involving short credit in an account is rectified by corresponding ___ In the same account by the amount that is in short.
An error involving short debit in an account is rectified by corresponding ___ In the same account by the amount that is in short.