An error involving short debit in an account is rectified by corresponding ___ In the same account by the amount that is in short.

Debit

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Credit

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Both A & B

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None of the above

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Solution

The correct option is A
Debit

An error involving short debit in an account is rectified by a debit in the same account by the amount that is in short.

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Sohan’s A/c is debited by Rs. 2,500 while it was to be debited by Rs. 3,500 and Mohan’s A/c is debited by Rs. 3,500 while the same was to be debited by Rs. 2,500. For this error, which of the following can be a rectifying entry?

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An error involving short debit in an account is rectified by corresponding ___ In the same account by the amount that is in short.

The correct option is A Debit An error involving short debit in an account is rectified by a debit in the same account by the amount that is in short.

The correct option is A
Debit

An error involving short debit in an account is rectified by a debit in the same account by the amount that is in short.